Leave it to the Farm Credit System (FCS) and its defenders to make the same mistake over again – and now the deferral of principal payments is back. Continue Reading
Every five years, Congress makes sure that agricultural policy stays fresh by developing a piece of legislation called the Farm Bill. Continue Reading
Before and after its bailout in the 1980s, the Farm Credit System’s (FCS) M.O. has been to expand its activities beyond what Congress has authorized. Most of the time, that’s meant lending for unauthorized purposes – loans to huge telecoms, technology real estate investment trusts (REITs) and customers looking to buy luxury houses.
But the FCS is constantly overstepping its bounds to make a profit. And one way it’s doing that is by taking deposits.
The details are everything. One gritty detail, often overlooked, is that Farm Credit is allowed to have in-house appraisers Continue Reading
While ordinary Americans and businesses across the country have paid their fair share of taxes, the Farm Credit System (FCS) has continued to get away with paying a pitifully low tax rate for 2016. 3.61 percent.