Lancaster farming. (Lancaster, Pa., etc.) 1955-current, October 11, 1986, Image 18

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    WASHINGTON - John A. Waits
has been named president of The
Farm Credit Council, effective
immediately, according to an
announcement today by the
chairman of the board of the
Washington-based trade
association for the Farm Credit
System.
Board Chairman Grant T. Lucas
of Ceres, California, said that
Waits, who has served as acting
president since July 1, has been
extremely effective in directing
the legislative and governmental
affairs efforts of the Council.
“The board has complete con
fidence that John Waits will lead
the Council forward and continue
the good work which has been done
in behalf of the Farm Credit
System and its farmer-owners. We
are fortunate to have someone with
his ability and expertise,” Lucas
said.
Waits joined The Farm Credit
Council in April 1984 as vice
president for legislation and was
named acting president when
Delmar K. Banner resigned to
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Waits Named President of Farm Credit Council
return to the family farm in
Illinois. Before coming to the
Council, Waits served for two
years as head of the legislative
affairs section of the Farm Credit
Administration, the regulatory
agency for the Farm Credit
System. Prior to that he was ad
ministrative assistant to former
Congressman David R. Bowen of
Mississippi and counsel to the
House Agriculture Subcommittee
on Cottoij, Rice and Sugar. Before
coming to Washington, Waits
practiced law in New York City.
A native of Leland, Mississippi,
he was graduated summa cum
laude from the University of
Mississippi, and earned a master’s
degree with honors in modem
history and diplomacy at the
University of Virginia. He also
studied a year at the University of
Hamburg in Germany as a
Fulbright Scholar. He is a
graduate of the New York
University School of Law.
In accepting the position, Waits
said, “I am honored to have the
opportunity to represent the
legislative and governmental
295 Woodcorner Rd
Lititz PA 17543
1 Mile West of Ephrata
Phone; 717-738-1121
interests of the Farm Credit
System in Washington. The
Council has well served its
members during these almost four
years of its existence and I look
forward to the challenge of con
tinuing that effective represen
tation during this stressful time for
U.S. agriculture. With the help of
the highly professional staff of the
Council, I am confident we will be
able to carry out this task.”
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The Farm Credit Council was
established by the Farm Credit
System in late 1982 and began
operation here in March 1983, with
Banner as its first president. The
Council is charged with
representing the Farm Credit
System and other cooperative
agricultural lenders before
Congress and governmental
agencies on matters affecting
agricultural credit. The Farm
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Credit System, which dates to 1916,
is a nationwide network of
cooperative lending institutions
that make available to the coun
try’s farmers about one-third of
their total credit needs. The
System is composed of the Federal
Land Banks and the Federal Land
Bank Associations, the Federal
Intermediate Credit Banks and the
Production Credit Associations,
and the Banks for Cooperatives.
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