farm credit

Combined net income for the Farm Credit System increased 1.8 percent to $1.27 billion for the first quarter of 2018, as compared with $1.24 billion for the same period last year. President and CEO of the Federal Farm Credit Banks Funding Corporation Tracey McCabe says the system remains “well-positioned” to support farmers as they face challenges this year. Net intere...

Chairman and CEO of the Farm Credit Administration Dallas Tonsager says it’s important that the farm credit system lenders work with producers impacted by Hurricane Harvey.   FCA Board Policy Statement 71 was adopted in 2011 and Tonsager it helps “System institutions to have considerable flexibility under existing FCA regulations to provide disaster relief.”   Some e...

Concerns over low commodity prices have hurt not only the farmer, but the farm lending industry as well.   Nathan Kaufman of the Federal Reserve Bank spoke to a Senate Ag Committee last week.   “Alongside the reductions in farm income the past four years, agricultural credit conditions have weakened steadily and farm real estate values have trended lower.”   Profi...

The farm credit system is financially sound and able to handle loan money to farmers, but are producers in positions to borrow it?   Dallas Tonsager, CEO of Farm Credit Administration said he has concerns.   “Debt to asset levels are rising while net farm income is declining and crop prices are expected to remain weak.”   Many ...

Loan delinquencies and other signs of repayment problems are expected to increase in 2017 among farmers and ranchers.  Politico’s Morning Agriculture Report says in spite of that, the farm credit system should be able to weather the downturn in the Ag economy.  That was...

Lower commodity prices and falling farm incomes could put a lot of stress on the farm credit system.   At a recent Senate Ag Committee hearing, Farm Credit Adminstration Chairman Ken Spearman said lenders are ready.   “The system is well positioned; strong capital position, strong liquidity position, strong earnings.”   Senat...