Nancy C. Pellett, of Atlantic, has been selected to serve on the three-member Farm Credit Administration Board.
Board members make policy for the Farm Credit Administration, which is responsible for ensuring the safe and sound operation of the banks, associations, affiliated service organizations, and other entities that collectively comprise what is known as the Farm Credit System. They are responsible for protecting the interests of the public and those who borrow from Farm Credit institutions or invest in Farm Credit securities.
"Nancy Pellett brings tremendous experience, valuable insight and a lot of energy to this important position, Grassley said. "She has demonstrated strong leadership abilities in so many capacities, in addition to her hands-on work in agriculture. There's no doubt the President made a smart choice with her selection. The Farm Credit Administration will benefit greatly from Nancy Pellett's contribution."
Board members serve full-time and are appointed to six-year terms. Nominations to the board require confirmation by the Senate.
Grassley said Pellett has extensive experience in agriculture. She currently serves on the National Cattlemen's Association Beef Board, and she is a 14-year member of the Iowa Beef Industry Council. She served from 1988-1995 on the National Livestock and Meat Board.
Pellett is President of Premium Quality Foods, Inc., an Iowa-based company marketing value-added, branded, premium fresh and precooked beef products. She has been the Vice President and Secretary of Prairie Hills, Ltd., a feedlot, cow-calf and row crop operation since 1979 and President of Fredrechsen Farms, Ltd., a swine and row crop operation since 1977.
Grassley also noted Pellett's extensive leadership beyond the agricultural sector. She was a member of the State of Iowa Board of Regents from 1993-1999. She was a trustee of the University of Iowa Hospital and Clinics from 1993-1999. She was a member of the State of Iowa Student Aid Commission from 1991-1993. She was President of the Iowa State University Alumni Association in 1984, and Pellett has served on the Iowa State University College of Agriculture and Family and Consumer Science Advisory Board.