President Obama has named Jill Long Thompson, a former congresswoman who represented northeast Indiana, to head the U.S. Farm Credit Administration.
As chair and CEO of the administration, Long Thompson will oversee regulation of the 94 entities and $239.7 billion in assets that comprise the Farm Credit System, which lends money to farms and agricultural cooperatives, according to a statement released Wednesday.
Long Thompson has sat on the FCA board since Obama first appointed her in 2010. She represented northeast Indiana as a Democrat in the U.S. House from 1989 until she was defeated by Republican Mark Souder in 1994.
Long Thompson also mounted an unsuccessful run against Gov. Mitch Daniels in 2008. Before that, she served as under secretary of rural development for the U.S. Department of Agriculture under President Bill Clinton from 1995 to 2001.
Long Thompson will succeed outgoing FCA chair and CEO Leland Strom.