FCS Southwest Finally Reveals Cost of Massive Loan Fraud
Mismanagement results in nearly $50 million in losses for a troubled FCS lender.
Bert Ely is a consultant specializing in banking issues. He writes ABA's Farm Credit Watch.
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...
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