But the
Farm Credit System also increased their loan volume over 40% from 2004 to 2008, which contributed to their capital-to-asset ratio falling to nearly 12%.
In both cases, most of the money will go to the new Wichita-based
Farm Credit System Capital Corporation, which will buy up delinquent mortgages and hold the properties off the market until land values begin to rise.
Instead, they blame the system--which includes the
Farm Credit System.
The Farm Credit Council was established in 1983 by the leadership of the
Farm Credit System to ensure that Farm Credit institutions have an advocate for their interests before Congress and federal agencies.
The
Farm Credit System insurance Corporation insures the timely payment of principal and interest on FCS debt securities.
Cooperative Network was joined by 16 other associations in a letter sent in May to the Wisconsin Bankers Association (WBA), responding to the American Bankers Association (ABA) President Frank Keating's call for an end to the
Farm Credit System (FCS).
On behalf of the
Farm Credit System, the chief executives of the nation s four Farm Credit banks issued a joint statement today pledging to stand by farmers, ranchers, cooperatives and other agricultural borrowers grappling with severe drought conditions across the country.
Louis, MO; Sharry Nielsen, University of Nebraska--Lincoln Extension, Minden, NE; Terry Barton, State Farm, West Des Moines, IA; Carolyn Sheridan, Spencer Hospital, Spencer, IA; John Hays, Secy/Treas,
Farm Credit System Foundation, Washington, D.
Spearman has served as a member of the FCA board and, concurrently, as chairman of the
Farm Credit System Insurance Corporation.
US-based
Farm Credit System, a lender to farmers and rural communities, is expecting that it will not be placed under the remit of the Dodd-Frank rule.
