June 15, 2011
The Farm Credit Administration (FCA) — the federally chartered agency that oversees the nationwide network of locally-controlled and borrower-owned cooperative lending associations that make up the Farm Credit System (FCS) — is asking the public to comment on a proposed rule that, if adopted, would direct FCS banks to be more responsive to the credit needs of small and mid-sized farmers and ranchers producing for local and regional food markets.
FCS supplies nearly 40% of all U.S. farm financing and has the capacity to bring badly needed capital to local food producers, and to leverage other sources of capital for the task of rebuilding our local and regional food system infrastructure.
In fact, FCS, is legally bound to provide a dependable source of credit and credit services to all creditworthy farm borrowers.
This is an important opportunity to help shape future FCS services to small and mid-sized farmers and ranchers producing for the local and regional market. Click here to ask the FCA to Bring Badly Needed Capital to Local and Regional Food System Farmers and Ranchers.