—Lancaster Farming, Saturday, March 12. 1977
20
FCA chief grants- local authority
WASHINGTON, D.C. -
Donald E. Wilkinson took the
oath of office recently as the
Farm Credit Ad
ministration’s new governor
and pledged to continue the
agency’s policy of placing
maximum loan-making
authority on local levels of
the Farm Credit System.
“The Farm Credit System
has the credit expertise
locally,” he said, “and a
reputation as one of the most
efficient credit delivery
systems in the world. We
need to build on this ex
perience to give farmer
members better services
and greater efficiencies.”
Wilkinson cautioned,
however, that the System’s
experience could be tested if
drought conditions don’t
Orion Samuels on to
be OYF atvards emcee
TULSA, Okla. - Orion
SamueLson, a vice president
of WON Continental
Broadcasting Company in
Chicago, has recently been
named Master of'
Ceremonies- for the Out
standing Young Farmer
Awards Banquet to be held in
Bismarck, North Dakota,
March 22, 1977.
Announcement of
SamueLson’s appointment
was made by The United
States Jaycees, who are
coordinating the 221st annual
OYF Program along with its
national sponsor, John
Deere.
Samuelson, who also
serves as Agricultural
Services Director of WGN
Radio and TV, began his
radio career in Wisconsin in
1952. In 1960, he became
Farm Service Director at
WGN Radio, which in
troduced Samuelson on its
“America Farm Power
Show” in Illinois. Since then,
he has received many honors
including “National Farm
Broadcaster of the Year” in
1968.
Samuelson has been
associated with the Jaycees’
Outstanding Young Farmer
Program since 1965. As MC
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AJMARD3, Lilitz. Pa. 17543^gjgrak
improve in the West and
Midwest. “This could be the
year when, without even
handed and sympathetic
credit' administration,
thousands of farmers and
ranchers could be ruined.
“I recognize,” he said,
“that credit cannot long be
substituted for income.” But
he assured that System
lenders, within their risk
taking capacity, would stick
with drought-plagued far
mers “as long as they are
making an honest effort, are
working closely with their
lenders and have a basis for
credit.” He said FCA and the
System are already
cooperating to work out
unified plans * such as
deferred principal payments
- jn the event weather con
ditions worsen.
Orion Samuelson
of this year’s OYF Awards,
Samuelson will climax the
three-day event (March 20,
21 and 22) by announcing
America’s Four Outstanding
Young Farmers for 1977. The
top winners, chosen from
among the winners of each
state contest, represent the
year’s greatest
achievements by America’s
young (18-35 years) farmers.
Pennsylvania will be
represented by Larry
Weaver of New Holland, who
was featured in the Feb. 12
issue of Lancaster Farming.
Wilkinson said that most
farmers who have been
“seasoned by time” can,
with some belt tightening,
survive a year or two of bad
weather. “Our principal
concern is with the starting
farmer who hasn’t built
much equity and with the
cow-calf' operator who has
been suffering from poor
weather conditions and low
prices for several years.
These two categories of.
producers are in special
need of extra con
sideration,” he said.
At the same time,
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Wilkinson said the Farm
Credit Administration would
not relax its strong super
visory stance with System
lenders - the Federal Land
Banks, Production Credit
Associations and the Banks
for Cooperatives. “Sym
pathetic and concerned
credit administration is
consistent with the System’s
farmer-ownership, with the
needs olagriculture and with
the national interest,” he
said.' But he said if he en
counters “loose credit ad
ministration” he would “see
to it that FCA exercises its
supervisory authority to the
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full extent, as have my Wilkinson, the 10th PCA
predecessors.” Observing governor since the in
that the System is entirely' dependent Federal agency
owned and capitalized by its was created in 1933, was
borrower-members, Wilkin- sworn in by Daniel L.
son said any unnecessary Monson, FCA’s general
loan losses simply translate counsel, at the agency’s
to higher interest rates for headquarters at L’Enfant
other members. Plaza. The agency has about
Wilkinson came to FCA 160 employees at its
from the U.S. Department of headquarters and 90 bank
Agriculture where for the and association examiners
past 1 Vz years he was ad- located throughout the
ministrator of the country.
Agricultural Marketing The Farm Credit System
Service. He also served as has nearly $37 billion in loans
interim administrator of the outstanding to farmers and
newly created Federal Grain farmer cooperatives. This
Inspection Service. He is a represents about one-third of
native of Lafayette County, the total amount U.S. far-
Wisconsin, and served from mers borrow and about two
-1969-75 as Secretary of thirds of the financing used
Agriculture for Wisconsin, by farmer cooperatives. Net
He was a bomber pilot in WO rth of the System is $4.7
World War H. billion.
Lititz, PA 17543
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