farm credit news
Farm Credit Bank of Texas Welcomes New Board Members The Farm Credit Bank of Texas (FCBT) Board of Directors welcomed two new members this year — John L. “Jack” Dailey of Extension, La., and Dorothy Nichols of Reston, Va.
Dailey Represents Region 3 Dailey was elected by the bank’s stockholders, effective Jan. 1. Previously, he was vice chairman of the Louisiana Land Bank board. He is an owner and operator of Boeuf Prairie Farm, which produces cotton, corn, soybeans and beef cattle. In addition, he’s also manager and treasurer of Franklin Farmers Alliance, a farmer-owned agricultural retail store. Daily chairs the Louisiana Boll Weevil Eradication Commission. He also serves on the Louisiana Cotton and Grain Association’s executive committee and the Louisiana Department of Natural Resources’ water management task force.
Nichols Provides Systemwide Perspective Nichols was appointed to the FCBT board on May 1. She is one of two board-appointed directors.
John L. “Jack” Dailey
Dorothy Nichols
Nichols retired in 2018 from the Farm Credit System Insurance Corporation, where she was chief operating officer for 12 years and general counsel for the prior 11 years. Previously, she was chief operating officer at the Farm Credit Administration, the System’s regulator. Earlier in her career, she was associate general counsel with the Federal Deposit Insurance Corporation, and a trial lawyer with the Federal Home Loan Bank and the Federal Savings and Loan Insurance Corporation.
Carolyn Owen Earns Bank’s Highest Honor Carolyn Owen, retired Farm Credit Bank of Texas (FCBT) general counsel, received the bank’s highest honor this spring — induction into the FCBT Academy of Honor. The honor establishes a $10,000 scholarship that will be presented in Owen’s name to a student attending a university of Owen’s choice. Established in 1968, the Academy of Honor recognizes outstanding individuals for their service and contributions to agriculture and to Farm Credit. To date, 61 people have been inducted into this prestigious group. Carolyn Owen, center, was inducted into the Farm Credit Bank of Texas Academy of Honor at the bank’s annual meeting in April. She is pictured with members of the FCBT Board of Directors.
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