Bill Text: MI HR0343 | 2015-2016 | 98th Legislature | Enrolled
Bill Title: A resolution to commemorate the 100th anniversary of the establishment of the Farm Credit System.
Spectrum: Bipartisan Bill
Status: (Passed) 2016-09-21 - Adopted [HR0343 Detail]
Download: Michigan-2015-HR0343-Enrolled.html
Reps. Lauwers, Canfield, Cochran, Crawford, Driskell, Faris, Heise, Hoadley, LaVoy, Poleski and Whiteford offered the following resolution:
House Resolution No. 343.
A resolution to commemorate the 100th anniversary of the establishment of the Farm Credit System.
Whereas, On July 17, 1916, President Woodrow Wilson signed into law the Federal Farm Loan Act (39 Stat. 360, chapter 245), which established the Farm Credit System; and
Whereas, Agriculture’s impact on the lives of people throughout the world cannot be overstated, influencing more than simply what consumers eat for dinner, such as clothing and materials used at work and school; and
Whereas, The agriculture industry contributes $101.2 billion annually to the state’s economy, with 52,194 farms employing 923,000 people across Michigan; and
Whereas, The Farm Credit System plays an important role in the success of Michigan agriculture and economic vibrancy of rural communities throughout the state. It supports rural communities and agriculture with reliable, consistent credit and financial services, helping these areas grow and thrive by financing vital infrastructure and communication services, and providing farmers with the capital they need to make their businesses successful; and
Whereas, GreenStone Farm Credit Services, organized as a farmer owned credit cooperative, is the largest agricultural lender in Michigan, with 31 of its 36 branches located within the state. With nearly 24,000 members and managing nearly $8 billion in assets, Greenstone Farm Credit Services is an important part of the national Farm Credit System; now, therefore, be it
Resolved by the House of Representatives, That the members of this legislative body commemorate the 100th anniversary of the establishment of the Farm Credit System. We recognize its contribution to agriculture and rural communities in the state of Michigan; and be it further
Resolved, That a copy of this resolution be transmitted to the Farm Credit System, GreenStone Farm Credit Services, the United States Farm Credit Administration, the United States Department of Agriculture, and the Michigan Department of Agriculture and Rural Development as evidence of our highest esteem.
