[Congressional Record Volume 162, Number 95 (Wednesday, June 15, 2016)]
[House]
[Page H3834]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
FARM CREDIT CELEBRATES 100 YEARS
(Mr. YOHO asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. YOHO. Mr. Speaker, I rise today to recognize Farm Credit on its
100th anniversary.
On July 17, 1916, the Federal Farm Loan Act was signed into law, thus
creating the Farm Credit System. Since then, Farm Credit has provided
our Nation's rural communities with the financial tools they sorely
need.
At a national level, Farm Credit has provided more than $260 billion
in credit to more than 500,000 rural customers. In my district, the
Farm Credit System serves over 544 borrowers and customers, providing
roughly $160 million in credit.
As a large animal veterinarian, I have seen firsthand how Farm Credit
has served generations of young farmers and ranchers who rely on these
tools available to start successful businesses, businesses that keep
American farming strong.
Without the Farm Credit System, our farmers in Florida and the Nation
would not have access to the much-needed credit required to farm so
that they can feed not just America, but the world.
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