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.
These increases are powerful evidence of the FCS’s increased emphasis on providing taxpayer-subsidized credit to large corporate borrowers.
Mismanagement results in nearly $50 million in losses for a troubled FCS lender.
FCS data show that the system’s lending to young, beginning and small farmers and ranchers is merely lip service.
Farm Credit System lenders are not just lending to large, investor-owned utilities – they’re bragging about it.
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.