FCS Hikes Its Lending Limit to $1.5 Billion from $1 Billion
These increases are powerful evidence of the FCS’s increased emphasis on providing taxpayer-subsidized credit to large corporate borrowers.
Author Bert Ely
Bert Ely
Bert Ely is a consultant specializing in banking issues. He writes ABA's Farm Credit Watch.
FCS Southwest Finally Reveals Cost of Massive Loan Fraud
Mismanagement results in nearly $50 million in losses for a troubled FCS lender.
FCS Continues to Report Misleading YBS Lending Data
FCS data show that the system’s lending to young, beginning and small farmers and ranchers is merely lip service.
CoBank Does It Again and Lends to Investor-Owned Water Company
Farm Credit System lenders are not just lending to large, investor-owned utilities – they’re bragging about it.
CoBank Gets More Aggressive in Lending Outside Its Charter
CoBank, the Farm Credit System’s sole authorized lender to utility and agricultural cooperatives, has ranged further afield in lending to investor-owned utilities and energy companies, and taking on more credit risk in doing so.