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Farm credit lenders able to weather current down cycle

House Agriculture Committee hearing focuses on what those in the Farm Credit System are doing to assist farmers.

Despite conditions in the farm economy, the Farm Credit System remains fundamentally safe and sound and is well positioned to manage this downturn, Dallas Tonsager, board chairman and chief executive officer of the Farm Credit Administration, said during a House Agriculture Committee hearing Wednesday morning.

“The depth and duration of market weakness is unknown, but it will continue to present challenges for the system until markets rebound,” Tonsager told House members.

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