Tag Archives: Farm Credit System

Farm Credit Watch: Congress Modifies Tax Bill Provision Benefiting Ag Co-ops

By Bert Ely As last month’s Farm Credit Watch reported, the major tax bill Congress enacted at the end of last year added a new section 199A to the Internal Revenue Code, one portion of which would greatly benefit agricultural cooperatives at the expense of investor-owned grain companies of all sizes — not only Cargill and Archer Daniels Midland but ...

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Farm Credit Watch: FCS’s $10B Treasury Line of Credit Extended Another Year

By Bert Ely The FCS’s $10 billion line-of-credit with the Treasury Department’s Federal Financing Bank, or FFB, was recently renewed for another year, to expire on Sept. 30, 2018. This line-of-credit was first created in September 2013 and has been renewed annually since then. No public notice was given announcing this renewal — its extension for another year could only ...

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Farm Credit Watch: FCS’ Deposit-taking More Extensive Than Previously Reported

In the July Farm Credit Watch, I wrote that the Farm Credit System effectively accepts deposits, through the cash management services some FCS associations offer to their member/borrowers. As the article described, many associations in two of the four FCS districts — those funded by CoBank and AgriBank — accept deposits on behalf of the bank that funds them. That ...

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