The U.S. Senate has confirmed new members to the Federal Agricultural Mortgage Corp.'s (Farmer Mac) board of directors, as well as a new chairman of the board.
Lowell L. Junkins, formerly acting chairman of the board, has been made chairman of the board. Additionally, Sara L. Faivre-Davis and Myles Watts have joined Farmer Mac's board. Junkins, Faivre-Davis and Watts were nominated by President Obama and took the oaths of office for their new positions Thursday.
Junkins has been a member of Farmer Mac's board of directors since June 1996, previously serving as vice chairman of the board.
SOURCE: Farmer Mac