The Farm Credit Administration is seeking feedback on its processes for collecting and reporting data on how the Farm Credit System is serving young, beginning and small farmers—one of its statutory requirements.
Commenters are invited to provide input on how the accuracy, transparency and processes surrounding YBS farmer data collection could be improved; how definitions of key terms could be clarified; whether the definitions of YBS farmers and other terms are still relevant and reflect the evolving agricultural economy; and whether current YBS programs are achieving their mission of serving YBS farmers. Comments are due in 90 days.
The American Bankers Association has long raised concerns that as the Farm Credit System has continued to grow, it has neglected its statutory responsibility to serve YBS farmers and ranchers, citing a marked decline in loans to YBS farmers in recent years.
