Federal Agricultural Mortgage Corporation announced that the President of the United States has designated Lowell L. Junkins of Montrose, Iowa as Chair of the company's board of directors, effective March 30, 2022. LaJuana S. Wilcher of Bowling Green, Kentucky, who has served as Chair of Farmer Mac's board since January 2020, has been elected by the board to serve as Vice Chair. Mr. Junkins, who is a presidentially appointed board member, has served on Farmer Mac's board since 1996.

He previously served as Board Chair from 2010 to 2020 and most recently served as Vice Chair since January 2020.