New Infographic Shows How Farm Credit Lost Its Way

ReformFarmCredit.org today posted a new infographic, “Betting the Farm,” that illustrates how the Farm Credit System has lost its way, providing credit for big non-farm businesses at the expense of small farmers and American taxpayers.

Lowlights of the FCS tour include its 1987 bailout, $8 million to finance a golf course (one of many), a $750 million financing agreement for the Cracker Barrel restaurant chain, and a $1.7 billion set of deals to fund telecommunications giants.

The infographic makes the case that “the stakes are getting too high,” noting that a bailout today comparable to the 1987 one would cost taxpayers $28.3 billion.