Tag Archives: Farm Credit System

Senate Committee to Hold Hearing on Farm Credit System

Following persistent advocacy by ABA, state bankers associations and bankers, the Senate Committee on Agriculture, Nutrition and Forestry announced this week that it will hold a hearing on May 19 to discuss the oversight of the Farm Credit System.

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Banker on the Range

A sixth-generation rancher and passionate ag lender, Montana's Heather Malcolm is committed to cultivating the next generation of agriculture.

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ABA Calls for More Congressional Oversight for FCS

In a letter to the House Agriculture Committee today, ABA President and CEO Rob Nichols called on members of Congress to more closely examine the activities of the Farm Credit System, citing a number of ways in which the GSE has been allowed to operate outside the scope of its mission.

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FCA Has Yet to Respond to Congress’s Questions

Usually witnesses, especially those from a federal agency overseen by the committee whose members posed the questions, respond quickly and fully to those questions. It is not smart for an agency to do otherwise. However, the FCA seems to be the exception as 57 days later it still has not answered the questions put to it at the hearing.

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