Why I am opposed to national charters for farm credit system institutions

Phil Burns

American Bankers Association, 2001, vol. 14, issue 3

Abstract: An edited version of a presentation on February 26, 2001, at the Senate Agriculture Committee hearing on National charters is presented. The Farm Credit Administration would have Congress and the public believe that the Farm Credit System institutions are shackled to an antiquated system of frozen geographic territories and that by eliminating geographic boundaries, they will be insulated from risk due to fluctuating commodity prices, isolated weather-related problems, and all sorts of additional risks that the FCA pins on defined geographic territories. The truth is the FCS institutions have available a number of options by which they can diversify their loan portfolio either geographically or by commodity.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2001
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