Mismanagement results in nearly $50 million in losses for a troubled FCS lender.
Browsing: Ag Banking
An article yesterday in SNL Financial shone a spotlight on the Farm Credit System’s “dangerous and abused advantages” and the efforts of recently hired ABA SVP Steve Apodaca to highlight them publicly.
The federal banking agencies today issued aggregate data on 2014 small-business, small-farm and community development loans that institutions reported under the Community Reinvestment Act.
Ag bankers are preparing producers for a changing economic environment.
With the agricultural boom projected to hit speedbumps in the months and years ahead, ABA distributed 10 tips to help ag bankers prepare their customers for the changing ag economy.
Rural banks face a number of challenges that are compounded by unnecessary, outdated and excessively burdensome regulations, Comptroller of the Currency Thomas Curry said today at the fourth of five outreach meetings for the decennial Economic Growth and Regulatory Paperwork Reduction Act review.
FCS data show that the system’s lending to young, beginning and small farmers and ranchers is merely lip service.
The Washington Examiner today took a skeptical look at the growth of the Farm Credit System and its tax-advantaged GSE status.
ABA yesterday urged the Farm Credit Administration to withdraw a proposed change to the governance structure of Farmer Mac that could negatively alter the relationship between Farmer Mac and its lender-shareholders.
Farm Credit System lenders are not just lending to large, investor-owned utilities – they’re bragging about it.