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.
Browsing: Farm Credit System
Rural banks face a number of challenges that are compounded by unnecessary, outdated and excessively burdensome regulations, Comptroller of the Currency Thomas Curry said today at the fourth of five outreach meetings for the decennial Economic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.
It takes banks of all sizes to meet the needs of America’s agricultural producers, newly appointed ABA SVP Steve Apodaca said in a front-page interview with American Banker today.
CoBank, the Farm Credit System’s sole authorized lender to utility and agricultural cooperatives, has ranged further afield in lending to investor-owned utilities and energy companies, and taking on more credit risk in doing so.
Rep. Marlin Stutzman (R-Ind.) on Friday wrote to the Government Accountability Office to request an audit and study of the Farm Credit System’s impact “on taxpayers, the agriculture community and the private banking industry.”