The Farm Credit System has been hit by yet another accounting scandal, this time at Lone Star Ag Credit, which is headquartered in Fort Worth, Texas.

Farmer Mac reported $414.3 million in net new business for the second quarter, bringing its outstanding business volume to $18.3 billion, a record high.

Bankers in many areas of the country have discovered that the FCS associations they compete against effectively are accepting deposits.

In a statement for the record in a Senate Agricultural Committee hearing on commodities, credit and crop insurance, ABA today called on lawmakers to reform the U.S. Department of Agriculture’s guaranteed farm loan programs in the 2018 Farm Bill.

Interest and inflation rates are much lower, leverage is lower and federal programs are more robust.

The House Appropriations Committee today passed an agricultural appropriations bill that includes funding for its guaranteed farm ownership and operating loan programs.

As in prior years, FCA's annual report grossly overstates the FCS’s YBS lending activities.

The American Bankers Association today welcomed a proposal by the U.S. Department of Agriculture to restructure its operations to improve efficiency, effectiveness and accountability, in response to an executive order by President Trump.

By Bert Ely The FCS did it again — it lowered its corporate income tax bill for 2016 as its pre-tax profits reached a record $5.02 billion. Its combined federal and state income tax liability dropped from $221 million in 2014 to $197 million in 2015 and to $175 million in 2016. Its effective tax rate dropped a full percentage ...

In testimony submitted for a Senate Agriculture Committee hearing on the state of the farm economy today, ABA noted that the nation’s 1,912 farm banks are strong and well-positioned to continue supporting farmers and ranchers despite projected declines in farm income.