PRINTER'S NO. 1975
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE RESOLUTION
No.
399
Session of
2015
INTRODUCED BY SCHWANK AND VOGEL, JUNE 23, 2016
INTRODUCED AND ADOPTED, JUNE 23, 2016
A RESOLUTION
Recognizing the 100th anniversary of the establishment of the
Farm Credit System and commending the farmer-owners and the
employees of the Farm Credit System, including AgChoice Farm
Credit and MidAtlantic Farm Credit, for their continuing
service in meeting the credit, financial services and
educational programming needs of rural communities and
agriculture in this Commonwealth.
WHEREAS, The Farm Credit System was established by the
Congress of the United States through the Federal Farm Loan Act
of 1916, signed into law on July 17, 1916, by President Woodrow
Wilson, making 2016 the centennial anniversary of the founding
of the farmer-owned and operated Farm Credit System; and
WHEREAS, Recognizing that a prosperous, productive
agricultural sector is essential to a free nation, the Congress
of the United States declared through the Farm Credit Act of
1971, that the Farm Credit System be designed as a permanent
means to support the well-being and prosperity of the nation's
rural communities and agricultural producers of all types and
sizes; and
WHEREAS, The Congress of the United States designed the Farm
Credit System as a network of cooperatives, independently owned
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and controlled by its borrowers, responsive to their individual
needs for credit and financial services and continually adapting
to meet the changing needs of rural communities and agriculture;
and
WHEREAS, Today, the Farm Credit System plays a vital role in
the success of agriculture in this Commonwealth and the economic
vibrancy of rural communities throughout this Commonwealth,
providing more than $1.78 billion in loans to more than 9,400
borrowers; and
WHEREAS, The Farm Credit System actively supports the next
generation of agricultural producers by annually providing
millions of dollars in loans to young and beginning farmers and
through its ongoing financial support for organizations like 4-H
and Future Farmers of America; therefore be it
RESOLVED, That the Senate recognize the 100th anniversary of
the establishment of the Farm Credit System; and be it further
RESOLVED, That the Senate commend the farmer-owners and the
employees of the Farm Credit System, including AgChoice Farm
Credit and MidAtlantic Farm Credit, for their continuing service
in meeting the credit, financial services and educational
programming needs of rural communities and agriculture in this
Commonwealth.
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