The Executive Committee of Ozark PCA in 1947 consisted of ( L to R ) Garland N . Holt , secretary / treasurer ; S . T . King , vice president board of directors ; and C . E . Klingner , president board of directors .
The independence of the Farm Credit System was threatened when , without notice , President Roosevelt transferred the Farm Credit Administration to the Department of Agriculture by executive order in July 1939 . Over the next decade , a tug of war ensued and various bills modifying the Farm Credit System were introduced by the House Committee on Agriculture where they were debated and modified and eventually dropped in the face of loud and swift opposition . Those who believed the success of the Farm Credit System depended upon its responsiveness to the needs and wishes of its patron stockholders , argued in favor of restoring it to its former independent status . General Dwight Eisenhower , during his bid for the presidency , included the Farm Credit System in his platform . He won the election in a landslide election . True to his word , Eisenhower signed the Farm Credit Act of 1953 on August 6 , restoring the Farm Credit Administration to its status as an independent agency and creating a Federal Farm Credit Board with thirteen members — one from each district and one appointed by the Secretary of Agriculture — to develop policy for the Farm Credit Administration .
The 1950s was a time of peaceful , postwar prosperity both in the suburbs and on the farm . Banks and the associations grew in order to keep pace with the credit needs of farmers who were expanding and purchasing the labor-saving machinery that was now more available . Life on American farms remained status quo through the turbulence of the 1960s . By December 13 , 1968 , all the banks and associations within the Farm Credit System had repaid all their government capital which meant the member-borrowers now owned the capital of the entire system .
The Marshall field office moved several times with the National Farm Loan Association and Production Credit Association sharing office space .
At the 1950 State Fair in Sedalia , the National Farm Loan Association advertised low interest rates on long-term loans and the thirteen Production Credit Associations of Missouri boasted 16,494 member stockholders .
The Jefferson City Production Credit Association board members proudly announce a $ 60,000 payment to Production Credit Corporation of St . Louis , thus paying back the last of the government funds in 1955 . At left is George Hill , president ; third is Al Horner from Jefferson City ; fourth is William Charles of Mexico ; and on far right is Miller Hern of Rocheport / Columbia .
Ozark PCA celebrates the silver anniversary of Production Credit Association .