Governance Opportunities

The Board of Directors is responsible for the safe and sound operation of Frontier Farm Credit, ACA (the Association), and for ensuring the Association fulfills its public mission. Directors are accountable to customer-stockholders and Farm Credit System (System) investors for:

• Overseeing the Association’s strategic direction and objectives
• Overseeing the Association’s organizational performance
• Providing competent Association leadership and management
• Ensuring appropriate risk oversight, including sound internal controls and compliance
• Ensuring that information and disclosures provided to customer-stockholders and System investors are accurate and reliable
• Diligently and impartially performing their duties as members of the Board of Directors
• Exercising independent judgment
• Remaining loyal to the Association’s interest

To be eligible for the Board of Directors, a candidate or the entity the candidate votes stock for:

• Must be a voter of Class B voting stock
• Must not have reached 70 years of age on or before the term of office begins
• May not have been an employee of a System institution within one year of election
• May not serve as a director, officer, employee, or agent of a financial institution or any other entity that engages directly in the business of providing financing or Risk Management Agency approved products offered by the Association
• Must have outstanding loan commitment(s) with the Association
• Must maintain loan(s) in compliance with Association policies and standards
• Must reside or have a majority of their agricultural operations located within the Association’s chartered territory
• May not have restructured indebtedness with a System institution at any time

Designated voters of entities satisfying all the above requirements are eligible to run for election to the Board of Directors. 

Board of Director candidate qualifications sought by the Nominating Committee include an understanding of cooperative principles, a passion and commitment to serve the Association and System stakeholders, and knowledge or experience in the following areas:

• Strategic Direction and Counsel
• Governance Effectiveness
• Organizational Performance
• Risk Oversight
• Talent Management
• Communication
• Technology

Members of the Board of Directors are generally elected to a four-year term, unless the election is to fill a vacancy. The average time commitment is 35-45 days for travel, meetings, training and development, and related activities (travel and meeting preparation may vary). Meetings are primarily in person, but some may be held virtually.

Members of the Board of Directors receive a monthly retainer for meeting preparation, plus a per diem for each day of official Association business and related travel expenses. The Board of Directors periodically reviews compensation to ensure it is competitive with other boards.

The Nominating Committee is responsible for sourcing, evaluating, and nominating a qualified slate of candidates for stockholder election to the Board of Directors and the next Nominating Committee.

To be eligible, Nominating Committee candidates must meet the following eligibility requirements:

• Must be a voter of Class B voting stock
• Must not be a Director, employee, or agent of the Association
• Must not have reached 70 years of age on or before the Director’s term begins
• Must have an outstanding loan commitment(s) with the Association
• Must reside or have a majority of their farming operations located within the Association’s chartered territory

Designated voters of entities satisfying all the above requirements are eligible to run for the Nominating Committee.

Nominating Committee members are elected to a one-year term. There are at least four meetings per year, including:

• A virtual meeting to review expectations for sourcing, evaluating, and nominating candidates
• A virtual meeting to review the status of candidate applications
• A meeting to evaluate candidate applications for the Board of Directors and the next Nominating Committee
• A meeting to interview identified Board of Directors candidates and finalize all candidate slates

Nominating Committee members receive a per diem for their time and travel expenses incurred for meeting attendance. 

When you click the “Submit Application” button, you will be directed to the application page. The application requests biographical information, including education, business experience, and several essay-style questions regarding your experience and interest in leadership.

Yes. As you fill out your application, there is an option to save your progress. You can return to review and make edits prior to submitting it.

If you have questions about whether you are a voting stockholder, please contact a member of our Corporate Governance team by email or calling 1-800-531-3905.

You will receive an email confirmation when you submit your application and a member of the Corporate Governance team will contact you with next steps. The Nominating Committee will review applications between November through February and will share the slating results after they have completed their work, typically completed by the end of March.

Farm Credit Administration regulations and our bylaws allow eligible stockholders to be nominated from the floor for open director positions at the opening session of the Annual Meeting. Details will be included in the Annual Meeting Information Statement mailed to stockholders in June.