Statement before the subcommittee on conservation, credit, energy and research

Statement by Mr. Bob Frazee, President and CEO
MidAtlantic Farm Credit, Westminster, Maryland
Before the Subcommittee on Conservation, Credit, Energy and Research
House Committee on Agriculture
June 11, 2009

Mr. Chairman and members of the subcommittee, thank you for the opportunity to testify today on behalf of the Farm Credit System. My name is Bob Frazee, and I am President and CEO of MidAtlantic Farm Credit. MidAtlantic is a part of the nationwide Farm Credit System. My remarks today will provide some background on the Farm Credit System, comments on current credit conditions and the impact of recent financial market disruptions, and discuss how we are working to meet the credit needs of agriculture in the geographic area served by my institution.