Ag Banking

ABA Urges Congress to Rein In Farm Credit System

In a statement for the record in today’s House Appropriations Committee oversight hearing on Farm Credit Administration, ABA emphasized that the Farm Credit System has become too large, too unfocused and too reliant on taxpayer subsidies.

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ABA Advocates for Changes to 2018 Farm Bill

At a Senate Agriculture Committee field hearing in Kansas today, ABA highlighted the critical role that the nation’s banks play providing credit to farmers and ranchers, and advocated for changes to the upcoming 2018 Farm Bill that would take into account the rising costs of agriculture.

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Ely: FCA Chairman Tonsager Has Important Message for FCS

On February 1, Dallas Tonsager, the new chairman and CEO of the Farm Credit Administration (FCA), gave his maiden speech as FCA chairman at the Farm Credit Council’s annual meeting. The Council is the trade association for the FCS’s banks and associations. Tonsager sent a powerful message to the FCS that can be characterized by one word – confidence – ...

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FCA Has Yet to Respond to ABA Complaint About CoBank Loan

By Bert Ely As last month’s FCW reported, on December 1, the ABA sent a letter to Farm Credit Administration (FCA) chairman Dallas Tonsager registering ABA’s strong objection to CoBank’s participation in a $1.55 billion credit facility that had been extended to CyrusOne LP, the operating partnership of CyrusOne, Inc., a NASDAQ-listed Real Estate Investment Trust, or REIT. CoBank’s portion ...

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ABA, Farm Group Efforts Result in FSA Funding Extension

ABA and several farming and financial groups wrote to the congressional appropriations committees today urging them to ensure the Farm Service Agency has sufficient funding to meet agricultural credit needs during winter and spring months, when demand for production loans peaks.

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