Senate Ag Committee reviews Farm Credit system

Lower commodity prices has put increased pressure on lending availability to farmers.

The Senate Agriculture Committee held a hearing Thursday to review the state of the farm economy and to examine the role of the Farm Credit System in financing agricultural operations. The Committee heard from all three board members of the Farm Credit Administration, which is an independent agency charged with regulating the Farm Credit System. 

A second panel included testimony from witnesses representing traditional financial institutions, the Farm Credit System, and a producer.

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