FCS Officials Propose Financial Recovery Plan
Washington DC Farm Credit system officials unveiled a financial recovery proposal to shield borrower stock, create the Federal Farm Credit Assistance Board, and seek a $6 billion Treasury line of credit. The plan, presented to the House Agriculture Committee, outlines a government controlled flow of assistance and a secondary market for loans.
MENTIONED IN THIS ARTICLE
Farm Credit System
Federal
Farm Credit Assistance Board
U.S. Treasury
House Agriculture Committee
Subcommittee On Conservation, Credit and Rural Development
Grant T. Lucas
Ceres
Calif
Legislative Committee
Farm Credit Council
Farm Credit Capital Corp
Federal Farm Credit Assistance Board
Secretary of the Treasury
Secretary of Agriculture
Federal Reserve Board
Farm Credit Administration
Farm Credit Amendments Act
St Paul FCS losses dip in first quarter report shows aid need
The St Paul district of Farm Credit System seeks a $6 billion credit line from Congress to endure the farm downturn. District president Larry Buegler cautions the $1.24 billion figure is a worst case, aiming to operate without outside help. The land bank projects multiyear losses and a shrinking volume, with potential negative capital by 1989 without aid. The district accounts for about 15 percent of system volume, and first quarter results show a $2.1 million loss amid a $155 million system-wide loss.
MENTIONED IN THIS ARTICLE
Farm Credit System
St. Paul
Congress
Larry Buegler
Mr. Buegler
Federal Land Bank of
Farm Credit Services of
Minnesota
Wisconsin
Michigan
North Dakota
Wisconsin corn outlook and wildlife campaign updates
Wisconsin experts discuss rising domestic corn use driven by livestock demand and receding marginal lands from the conservation reserve program. UW Farm Management’s Rick Klemme notes per acre efficiency and generational price pressures amid global markets, with China viewed as a future strong buyer. The piece also covers WLFA’s Protect What's Right program roll out in Wisconsin, training 1000 sports clubs and distributing outreach materials through the Wildlife Legislative Fund of America. Don Johnson of Oconomowoc is quoted about program details.
MENTIONED IN THIS ARTICLE
U.S
Rick Klemme
Wildlife Legislative Fund of America
WLFA
Wisconsin
Also Mentioned on This Page
FCS
Washington, D.C
System Legislative Committee
H. Brent Beesley
Farm Credit Corporation of America
Lucas
Council
Beesley
St. Paul Fcs
Land Bank
Buegler
Renta
Patz
Bloomer
Harnm
Equipmen
Cadott Sediacek Sales & Service
Chetek
Dallas
Lester Thompson
Ellsworth
Neillsville Rendering Inc
lIsville
J.D
Powertown Agriculture & Power Equip
Janesville
Wilkhorn
Bill Calhoun
Ver Miller
Eric Larson
Ed Bolton
Kuhl
John Deere
NEW Holland
H&s
A. Ae
Ropper
South
Granton
H&s & New Holland
Klemme
The
Wisconsin Society of Farm Managers and Rural Appraisers
Europe
India
China
United States
Jan Shepel
Don Johnson
Oconomowoc
Department of Natural Resources’ Voice
Parry Road
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