The Federal Land Bank Associations of North and South Mississippi were named to receive the Farm Credit Bank of Texas Pacesetter Award for achieving the highest possible rating in 2000.
The lenders were honored during the Tenth Farm Credit District annual stockholders meeting in San Antonio, Texas, last month. A total of 17 Farm Credit Bank institutions received the award.
“The recipients of this Pacesetter Award exceeded a rigid set of growth and financial performance standards set by the bank,” said Arnold Henson, chief executive officer of the Texas Farm Credit Bank. “They are setting the pace in the Tenth Farm Credit District as exemplary institutions.”
The Federal Land Bank of North Mississippi, headquartered in Senatobia, provides long-term loans to farms and related businesses in the northern one-third of the state, including the north Delta. The South Mississippi Land Bank, headquartered in Jackson, serves the southern two-thirds, including the south Delta.
Henson noted that the number of Pacesetter Award recipients has increased each year since the award was established in the mid-1990s.
The district is composed of 10 agricultural credit associations, 10 federal land credit associations or federal land banks and three production credit associations in Alabama, Louisiana, Mississippi, New Mexico and Texas.