Farm Credit Administration

Bio, via Farm Credit Administration:

Mr. Smith will serve a term that expires May 21, 2022. Mr. Smith also serves as a member of the board of directors of the Farm Credit System Insurance Corporation, which is an independent U.S. government corporation responsible for ensuring the timely payment of principal and interest on insured notes, bonds, debentures, and other obligations issued on behalf of FCS banks. Mr. Smith is president and co-owner of Smith Land Service, a company he founded in 1982. The company specializes in farm management, land appraisal, and farmland brokerage services, and serves about 30 Iowa counties. Mr. Smith also owns, and serves as president of, Smith Generation Farms, Inc., a family farm operation that encompasses about 2,000 acres of primarily corn and soybeans in western Iowa. He is a native of Atlantic, Iowa, where he was raised on a diversified crop and livestock farm. His farm experience started at a very early age after his father was involved in a disabling farm accident. He graduated from Iowa State University in 1979 with a B.S. in agricultural business and accepted a position with Doane Agricultural Services as state manager of the company’s real estate division. In 1982, Mr. Smith and his wife, Fauzan, moved back to his hometown and started farming as well as developing his ag service business. The couple have four grown children and three grandchildren. Their son Peter, has assumed managerial responsibilities for both the family farm and business.