OK HR1073

Farm Credit was established by Congress in 1916 and is one of the nation's oldest financial institutions dedicated to supporting farmers and ranchers in Oklahoma and nationwide for the past 100 years.

Farm Credit institutions provide financing and financial services to farmers, ranchers, cooperatives, and agribusinesses in Oklahoma.

The Farm Credit System is the only major agricultural lender that is locally owned and operated, with local borrowers electing the board of directors.

Farm Credit's cooperative structure allows local members to understand Oklahoma's businesses and markets while maintaining financial strength and stability through a nationwide system.

The Oklahoma House of Representatives recognizes and commends Farm Credit, Farm Credit of Western Oklahoma, Oklahoma AgCredit, Farm Credit of Enid, AgPreference, and American AgCredit for their service to Oklahoma's agricultural community.