WASHINGTON, March 26,
2025 /PRNewswire/ -- The Federal Agricultural
Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the
nation's secondary market provider that increases the accessibility
of financing to provide vital liquidity for American agriculture
and rural infrastructure, announced today that Daniel L. Shaw of Edgar, Nebraska has been appointed the newest
member of the company's board of directors. His appointment fills
the seat of former board member Roy H.
Tiarks after his passing in February
2025.
An active member of his local farming community, Mr. Shaw and
his family have owned and operated Shaw Farms, LLC in Edgar, Nebraska since 1975 and operate two
other local agricultural businesses. Mr. Shaw also has significant
experience serving as a board member, including on Farmer Mac's
Board of Directors from December 2019
through May 2021. He has also served
on the boards of other agricultural finance institutions with a
national scope, serving on the board of directors of AgriBank Farm
Credit Bank from 2014 to 2021 and on the board of directors of Farm
Credit Services of America from 2007 to 2014. Mr. Shaw is the chair
of the Edgar Township Board and
studied business and economics at Nebraska
Wesleyan University.
Commenting on the appointment, Board Chair Lowell L. Junkins said, "While we continue to
mourn the loss of Roy, we know that Dan's deep knowledge of
agricultural production and background in risk assessment and
oversight are a significant asset to the board and to the company.
His extensive experience and service on other boards make him an
excellent complement to our board's strong collective knowledge
base and wide range of backgrounds, skills, perspectives, and
experiences related to Farmer Mac's business that enable the board
to provide effective oversight. We warmly welcome Dan back to the
board."
"My passion is to serve rural America. It is my honor and
privilege to once again serve on Farmer Mac's board to help guide
the company's efforts to fulfill such an important mission," said
Mr. Shaw. "Farmer Mac is a critical part of the nation's
financial infrastructure, and I look forward to collaborating with
the other board members to serve the company in accelerating rural
opportunities."
Mr. Shaw joins four other board members elected each year by
holders of Class B voting common stock (not listed on any
exchange). Five other members are elected each year by holders of
Class A Voting Common Stock (NYSE: AGM.A), and five are appointed
by the president of the United
States with the advice and consent of the United States
Senate.
About Farmer Mac
Farmer Mac is driven by its mission to increase the
accessibility of financing to provide vital liquidity for American
agriculture and rural infrastructure. Our secondary market provides
liquidity to our nation's agricultural and infrastructure
businesses, supporting a vibrant and strong rural America. We offer
a wide range of solutions to help meet financial institutions'
growth, liquidity, risk management, and capital relief needs across
diverse markets, including agriculture, agribusiness, broadband
infrastructure, power and utilities, and renewable energy. We are
uniquely positioned to facilitate competitive access to financing
that fuels growth, innovation, and prosperity in America's rural
and agricultural communities. Additional information about Farmer
Mac is available on our website at www.farmermac.com.
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SOURCE Farmer Mac
