The Farm Credit System (FCS), agriculture’s government sponsored enterprise (GSE), is a nationwide network of customer-owned lenders with a mission to support rural communities and agriculture. The National Sustainable Agriculture Coalition (NSAC) 2023 Farm Bill Platform includes a proposal that requires FCS, agriculture’s GSE, to grant 15 percent of its annual profits to support underserved producers and food systems enterprises. These grants will build upon successful programs already facilitated by some Farm Credit associations and help fulfill its mission and public mandate to serve young, beginning, and small farmers and ranchers. … Read More →
farm credit
Congress Evaluates Health of Farm Credit System
This week, the House Agriculture Committee held its 14th hearing in a marathon of hearings this month leading up to the Committee’s initial work on the 2018 Farm Bill. The scope of the hearing was to review the health of the Farm Credit System, especially in light of the recent economic downturn in the farm […]
Congressional Hearings Kick Off Farm Bill and Appropriations Season
In recent weeks, the debate around the next farm bill – which will be up for reauthorization next year – has begun to gain momentum. The Senate Agriculture Committee held its first field hearing last week in Kansas and yesterday the House Agriculture Committee held its first subcommittee hearing focused on the farm bill, choosing […]
How Well Is the Farm Credit System Serving Young, Beginning, and Small Farmers?
One hundred years after Congress first created the Farm Credit System (FCS), a national network of financial institutions owned by farmers and their cooperatives and focused on providing credit to farmers, FCS remains an important source of capital for young, beginning, and small farmers across the country. Last week, the Farm Credit Administration (the regulatory […]
RELEASE: Farm Groups and Farm Lenders Appeal for Assistance During Credit Crunch
FOR IMMEDIATE RELEASE Contact: Juli Obudzinski, 202-547-5754, jobudzinski@sustainableagriculture.net Ferd Hoefner, 202-547-5754, fhoefner@sustainableagriculture.net Farm Groups and Farm Lenders Appeal for Assistance During Credit Crunch Washington, DC, June 2, 2016 – Operating loans are the lifeblood of farming. They help farmers get crops in the ground, by financing needed supplies and equipment, and when necessary, refinancing earlier loans. The federal government […]