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Country Today in Eau Claire, Wisconsin

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Country Today

Location

Eau Claire, Wisconsin, United States of America

Date

Oct 09, 1985

Page

8

Farm Credit System faces losses and calls for aid

Wilkinson warned Congress and the administration that the farm credit system carries 76 billion in loans, faces double digit rates and a shrinking collateral base, with 11.7 billion of loans currently in trouble. He warned the sector could ripple through banking and urged federal loans similar to Chrysler and Continental Bank support. Howard Richards noted farmers struggling to stay in business due to timing and cash flow issues.

Donald Wilkinson Farm Credit Administration Congress Farm Credit Wilkinson Farm Credit System Production Credit Association Federal Land Bank Chrysler Corp Continental Bank Howard Richards

Farm Credit System faces deeper peril without bailout

A GAO study warns the Farm Credit System could deteriorate further with loan losses tripling to about 6.1 billion dollars and earnings dropping to at least 2.6 billion for the year ending June 30, 1986. Regulators dispute the figures, while bond funding costs rise and better borrowers seek alternatives.

GAO

Also Mentioned on This Page

Wall Street St. Paul Wisconsin Minnesota Dakotas Michigan Upper Midwest the Farm Credit System Don Wilkinson Washington, D.C General Accounting Office Craig Simmons Ron Erickson The Mr. Erickson FCS New York Axgi Bus Arthur Overgaard Downing Elroy LaCrosse Mondovi Oxford P.O Cth O. Elroy Bark River Western Ave Eau Claire Bernie Lindner Office Pat Higgins la Crosse Strupp Implement Inc Slinger, WI Badger Dealers Prairie Farm ALCON Allen Saibury Amery TRI- CO. Electric Clintonville Schley & Equip Sales & Service Baronette Rodger Lundeen Lindstrom Donald E. Kuhnly Modena Brillion, WI Jerry's Badger Stratford, WI Stratford Co-Op LSA W.B.J. Farmers Union Co-Op Blair Independence Whitehall Co-Op Clark CO Greenwood Thorp Marshfield Co-Op Marshfield Alma Farmers Union Co-Op Alma Augusta Farmers Union Co-Op Augusta Foster Fall Creek Namolco Harmony Co-Op Colby Durand Cooperatives Durand Rock Falls Lund Pepin Elmwood
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