Utahn H. Brent Beesley, president of the Farm Credit Corporation of America (FCCA), announced his resignation from the Farm Credit System's policy-making coordinating facility and service organization he has headed since February 1986.
Beesley said he plans to pursue personal and business interests in Salt Lake City, where he had practiced law prior to his service as director of the Federal Savings and Loan Insurance Corporation from 1981-83."Under Brent Beesley's leadership, the Farm Credit System weathered a period of tremendous stress, emerging twice with congressional legislation to assist American farmers and ranchers in dealing with unprecedented economic hardships," said Sam G. Eberly, chairman of the board of the Farm Credit Corporation of America.
"On behalf of the 600,000 farmer-members of the cooperatively owned Farm Credit System and its 14,000 employees, I want to express our deep appreciation to Mr. Beesley for his service as head of FCCA," Eberly said. "Not only is the System in much better shape than in quite a few years, it is positioned once more to be the premier lender in American agriculture."
"I've been proud to be a member of an organization that has made such progress in the last few years," Beesley said. "Since 1986 it has restructured roughly $6 billion in troubled farm loans, enabling 50,000 families to continue to work their farms. During this time, the first Farm Credit System Business Plan was adopted by System banks, laying out strategies for stabilization and growth which have resulted in four continuous quarters of increasing profitability."
In addition to his government service and membership in the Salt Lake law firm Ray, Quinney & Nebeker, Beesley has been president of three commercial banks and was chairman of First Charter Savings Bank in St. George. He owns a purebred cattle operation in Utah and looks forward to resuming an active role in its operations.
A Salt Lake native, Beesley holds a bachelor's degree in economics and international relations from Brigham Young University and degrees from the Harvard Law School and Harvard Business School.