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Louisiana Land Bank Stockholders Participate in Farm Credit Young Leaders Program

Cassie and Darrell Sinagra
Cassie and Darrell Sinagra, left, of Amite, La., attended the 2018 Farm Credit Young Leaders Program on behalf of Louisiana Land Bank. They celebrated the completion of the program in Mount Vernon, Va., with Stan Ray, right, Farm Credit Bank of Texas Chief Administrative Officer and Tenth District Farm Credit Council President.

Darrell and Cassie Sinagra of Amite, La., recently saw firsthand how Farm Credit uses money raised on Wall Street to support agriculture and rural communities. The Sinagras, member-borrowers of Louisiana Land Bank, were among 27 agricultural producers who were selected for the 2018 Farm Credit Young Leaders Program in New York City and Washington, D.C.

The 13th annual program began with visits to a Wall Street brokerage firm and the Federal Farm Credit Banks Funding Corporation. There the group learned how investors’ purchase of highly rated Farm Credit notes and bonds provides steady funding that local lending cooperatives like Louisiana Land Bank put to work in rural communities. Together, Farm Credit’s customer-owned co-ops provide more than $261 billion in financing to farmers, ranchers, rural homeowners, agribusinesses and other eligible borrowers nationwide.

Next the group traveled to the nation’s capital to exchange ideas with public officials. While on Capitol Hill, the Sinagras discussed policy issues with Rep. Ralph Abraham and congressional staff. That same day, the Senate passed its version of the farm bill, setting the stage for a compromise bill of this vital agricultural and food legislation.

At the U.S. Department of Agriculture, Rural Business–Cooperative Service Administrator Bette Brand and others talked with the group about USDA programs tailored for young ag producers.

The five-day program ended with a visit to Mount Vernon, George Washington’s innovative farming and milling operation.

“This annual program is one of the ways we support young and beginning agricultural producers,” said Stan Ray, president of the Tenth District Farm Credit Council, which hosts the Young Leaders Program. “Participants are chosen by their local lending cooperatives, and come home with a new appreciation of the role Farm Credit plays in agriculture and rural communities across the country.”

Darrell Sinagra owns Sinagra Dairy Farm and has been a dairy farmer since 1990. He is a member of the Louisiana Cattlemen’s Association and the Tangipahoa Parish Farm Bureau, and also coaches the local 4-H shooting sports program. Cassie Sinagra is a former teacher and now home-schools their two children.

The Tenth District Farm Credit Council is the regional member of the national Farm Credit Council, the trade association that works on behalf of Farm Credit cooperatives and their member-owners.



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