Glen R. Smith was designated chairman and CEO of the Farm Credit Administration (FCA), the Farm Credit System’s regulator, effective July 17.

Smith has served on the FCA board since December 2017, when he was appointed by President Trump. His term on the board will expire on May 21, 2022.

As board chairman, he succeeds Dallas Tonsager, who died in office in May.

As CEO, he succeeds Jeffery Hall, who became acting CEO when Tonsager was incapacitated by illness. Hall continues to serve as a member of the FCA board.

Smith is a native of Atlantic, Iowa, and is founder and co-owner of Smith Land Service Co., an agricultural service company specializing in farm management, land appraisal and farmland brokerage.

His family’s 2,000-acre farm is devoted to corn, soybeans, hay and a small beef cow herd. He is an Accredited Rural Appraiser.

FCA has examination and regulatory authority over the Farm Credit System, with oversight by Congress.