x
Breaking News
More () »

Biden nominates former Iowa Gov. Culver to Farmer Mac board

President Joe Biden nominated former Iowa Gov. Chet Culver to the board of a federal organization that works to ensure rural areas have access to credit.
Chet Culver2

DES MOINES, Iowa — President Joe Biden has nominated former Iowa Gov. Chet Culver to the board of a federal organization that works to ensure rural areas have access to credit.

If confirmed by the Senate, it would be Culver’s second turn serving on the board of the Federal Agriculture Mortgage Corp., commonly referred to as Farmer Mac. President Barack Obama appointed Culver to the board in 2012 and he served until December 2019, when he was removed by President Donald Trump.

Board members meet six times a year in Washington and are paid a base of $120,000 in cash and stock awards. Committee chairmen are paid more.

RELATED: Here's what we know about the Iowa troopers at the US-Mexico border

RELATED: Iowa Supreme Court overturns $1.5 million verdict against former Gov. Branstad

Watch: New details emerge in accident report following a deadly accident on Adventureland ride