THE WHITE HOUSE
Office of the Press Secretary
CLINTON NAMES CLYDE A. WHEELER, JR. AS A MEMBER OF THE BOARD OF
DIRECTORS OF THE FEDERAL AGRICULTURE MORTGAGE CORPORATION
The President today named Clyde A. Wheeler as a member of the Federal Agricultural Mortgage Corporation ("Farmer Mac").
Farmer Mac is a chartered corporation of the United States Government, established as a secondary market in order to provide all segments of the agricultural credit industry, including the Farm Credit System, commercial banks, insurance companies and other agricultural lenders, with the benefits of capital market funding for agricultural real estate and rural housing loans. Farmer Mac provides American farmers, ranchers and rural homeowners with stable access to intermediate and long-term fixed rate real estate loans at competitive rates.
Mr. Wheeler operates the Clearcreek ranch, a cattle and hay ranch in Laverne, Oklahoma. He retired as a Vice President of the Sun Company after 23 years of service in 1984 and from the American Petroleum Institute in 1989. He and his wife, Barbara, reside in Laverne, Oklahoma.