Farmer Serves as Secretary-Treasurer for National Rural Utilities Cooperative Finance Corporation
During its Annual Meeting in San Diego on Feb. 27, National Rural Utilities Cooperative Finance Corporation (CFC) selected REC CEO and president Kent Farmer as its secretary-treasurer of the CFC Board of Directors.
CFC is a nonprofit finance cooperative with approximately $24 billion in assets. It provides unparalleled industry expertise, flexibility and responsiveness to serve the needs of its member-owners. Through CFC, financing is provided to member organizations and affiliates in 49 states, the District of Columbia and two U.S. territories.
Farmer serves on the 23-member board of directors with representatives of 10 geographically defined districts, the electric cooperatives' national trade association and an at-large director. The board sets overall policy, establishes programs and develops strategies for CFC.
Farmer became president and CEO of REC in 2004. He is also president of Rappahannock Electric Communications, Inc., REC's wholly owned subsidiary. Farmer also serves as the vice chairman of the Old Dominion Electric Cooperative Board of Directors, and as Vice Chairman of Regional Headquarters, Inc. Since 2014, he served as District 1 director for CFC. A native of Caroline County, Farmer serves the Greater Fredericksburg region by volunteering and serving on the Board of several organizations, including the Fredericksburg Regional Alliance, and the GO Virginia Regional Council. He and his wife live in Caroline County.
REC provides electric service to over 161,000 connections in parts of 22 Virginia counties. With its general office in Fredericksburg, Va., the Cooperative operates and maintains more than 16,000 miles of power lines through its service area, which ranges from the Blue Ridge Mountains to the tidal waters of the Chesapeake Bay. Follow REC on Facebook, Twitter and YouTube.