‘Reform Farm Credit’ Website Exposes Farm Credit System Shortfall

Reform Farm Credit — a website created as part of ABA’s effort to reach influential groups involved in agricultural policy — has shared new data regarding the Farm Credit System’s 2017 lending to young, beginning and small farmers. According to the data, from 2016 to 2017 the number of new loans to young, beginning, and small farmers decreased by 11.6 percent, 9.8 percent, and 11.9 percent, respectively. Furthermore, the YBS portion of all of the FCS’s new loan volume fell across the board, resulting in fewer dollars loaned to YBS farmers.

To learn more about this and other issues surrounding the agricultural credit conversation, visit ReformFarmCredit.org. The recently revamped site provides taxpayers concrete examples of how the FCS’ tax-exempt status affects them as individuals and mobilizes them to take action by sharing the website and its materials further on social media.