Tag Archives: Farm Credit System

Farm Credit Watch: Frontier Communications Should Repay All of Its CoBank Loan

By Bert Ely In the June 2015 Farm Credit Watch, I reported that Frontier Communications Corp. had entered into a $350 million “credit agreement” with CoBank to partially finance Frontier’s $2 billion acquisition of AT&T’s wireline business in Connecticut. Frontier is an investor-owned, Nasdaq-listed telecommunications company with $24.7 billion of assets at March 31, 2018; it is hardly a local ...

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Farm Credit Watch: FCS Reduces Lending to Smaller Borrowers Even as It Grows

Despite the Farm Credit System’s supposed emphasis on lending to young, beginning and small farmers and ranchers, data in the FCS’s annual information statement for 2017 documents the declining importance of small borrowers to the FCS over the last several years. Although total FCS lending from year-end 2015 to year-end 2017 increased $22.9 billion, or 9.7 percent, the total amount ...

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Farm Credit Watch Marks 20th Anniversary

By Bert Ely Several readers noted that last month’s Farm Credit Watch, issue #240, marked the 20th anniversary of the monthly publication of the FCW, which triggered a look-back at the FCW’s accomplishments over the last 20 years, and there have been a few. Perhaps the most significant has been educating bankers and other readers about what the FCS — ...

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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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