Farm Credit System

Members of the Farm Credit Administration Board, bank officials, and farmers testified at a hearing on the Farm Credit System and rural… read more

Members of the Farm Credit Administration Board, bank officials, and farmers testified at a hearing on the Farm Credit System and rural borrowers' access to credit. For the previous three years, the agricultural economy had weakened due to improving crop yields and lower demand because of global conditions. FCA Chair Kenneth Spearman told committee members that the Farm Credit System is strong and prepared to weather the economic slowdown in agriculture. Panelists criticized the credit system for a lack of oversight comparing, the government-sponsored agency to Fannie Mae and Freddie Mac. They acknowledged a growth in the agency but farmer Jed Welder said the Farm Credit System was the only way he could receive a loan to start his farming business. close

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Farm Credit System

438 Views
Program ID:
409832-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
May 19, 2016 | 10:17am EDT | C-SPAN.org
Last Aired:
May 24, 2016 | 6:55pm EDT | C-SPAN 3

Airing Details

  • May 19, 2016 | 10:17am EDT | C-SPAN.org
  • May 19, 2016 | 9:50pm EDT | C-SPAN 2
  • May 19, 2016 | 11:14pm EDT | C-SPAN 2
  • May 20, 2016 | 2:42am EDT | C-SPAN 2
  • May 20, 2016 | 10:28am EDT | C-SPAN 2
  • May 20, 2016 | 11:52am EDT | C-SPAN 2
  • May 22, 2016 | 3:22am EDT | C-SPAN 1
  • May 24, 2016 | 8:04am EDT | C-SPAN 2
  • May 24, 2016 | 5:29pm EDT | C-SPAN 3
  • May 24, 2016 | 6:55pm EDT | C-SPAN 3
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