ReformFarmCredit.org today posted a new infographic, “Betting the Farm,” that illustrates how the Farm Credit System has lost its way, providing credit for big non-farm businesses at the expense of small farmers and American taxpayers.
Browsing: Ag Banking
The Farm Credit System’s moves to lend far beyond the farm pose risks to taxpayers, ABA President and CEO Frank Keating said in an op-ed today in the Grand Forks, N.D., Herald. He noted FCS lenders’ financing for telecommunications mega-deals and luxury estates for the wealthy — even as the FCS enjoys federal tax subsidies
ABA President and CEO Frank Keating discussed regulatory burden and reforming the Farm Credit System in several local North Dakota and South Dakota radio interviews this week.