The FCS is Primed to Grow, Grow, Grow

Bert Ely

American Bankers Association, 1998, vol. 11, issue 3

Abstract: The Farm Credit System (FCS) has recovered from its lending fiascoes of the 1970s and early 1980s and, in the process, accumulated, through its largely tax-free earnings, a mountain of capital - $11.6 billion at the end of 1997 - that is burning a hole in its pocket. During the last 6 years, FCS's equity capital (including its insurance reserve) increased 91% while its loans increased a more modest 23%.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1998
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