—Lancaster Farming, Saturday, May 31, 197 S
50
Credit
The U ,8. Senate, in action
taken May 21, confirmed
President Gerald R. Ford's
nominations of David C.
Waldrop, Sllverstreet, South
Carolina, and Ralph N.
Austin, Westcliffe, Colorado,
to 8-year terms on the
Federal Farm Credit Board,
top policy-making body of
the borrower-owned Farm
Credit System.
Waldrop and Austin
succeed T. Carroll Atkinson.
Jr., Marion, South Carolina,
and James H. Dean, Hut
chinson, Kansas, respec
tively, who served full 6-year
terms and were not eligible
for re-appointment.
Waldrop manages a far
ming operation in part
nership with his son and son
in-law that consists of 1,934
acres, 300 registered Jersey
milking cows and 50,000
layer hens. He also manages
a feed mill and egg
processing plant. He is a
former chairman of
Palmetto Production Credit
Association and serves as a
director on the Central
Electric Cooperative of
Columbia, Newberry
Electric Cooperative and the
Newberry Water and
Sewage Authority. Waldrop
is a member of the
Sparatanburg Federal Land
Bank Association, the South
Carolina Dairy Commission
and the Poultry Department
Advisory Committee of
Clemson University. He is a
graduate of Newberry
Business College.
Austin is a cattle rancher,
Board Nominees Named
operating 20,000 acres, 4,730
of which he owns. He
maintains a 500-head cow
herd in his cow-calf and
yearling operation. Austin
served for 6 years as
president of the board of
directors of the Federal
Land Bank Association of
Pueblo and was vice
president of the National
Federation of Federal Land
Bank Associations. He also
was a member of the
National Committee of
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New Providence, PA
717-786-7351
1760 East Canal Road
Dover, PA
717-292-4443
Federal Land Bank
Associations, and he i>
currently a member of Wet
Mountain Valley Co-op and
the Hillside Orange. He
graduated from Custer
County High School and Is a
licensed pilot.
President Ford selected
the nominees from among
six candidates elected in
nominating polls last fall in
the Columbia (third) and the
Wichita (ninth) Farm Credit
Districts. The election
& R-
process is prescribed by law
and rotates yearly within the
12 Farm Credit Districts. It
consists of a series of elec
tions in which Federal Land
Bank Associations,
Production Credit
Associations and farmer
cooperatives holding stock in
the Banks for Cooperatives
advance their candidates for
the President's con
sideration.
The Federal Board, whose
members serve part-time,
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MYERS EQUIPMENT
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York, PA
seti national policies for the
Farm Credit Administration
and the Farm Credit System.
Twelve members of the
Board, one from each Farm
Credit District, are ap
pointed by the President,
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with the advice and consent
of the Senate, and serve 6*
year staggered terms. The
13th member is named by
the U.S. Secretary of
Agriculture and serves ss his
representative.
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