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Interest Reduction Looms as Farm Credit Merger Delayed
Diane Yeamans reports the Production Credit Associations and Federal Land Bank Associations hope to finalize a merger by February 1. The change promises more than a 1 percent cut in borrower interest rates, from 2.5 to 1.4 percent, plus streamlined operations and staff reductions. Ward notes district reorganization, cost savings, and ongoing caution about drought and credit access in Southeast Kansas.
MENTIONED IN THIS ARTICLE
Diane Yeamans
Production Credit Associations
Federal Land Bank Associations
PCA
Larry Ward
Northeast Kansas Pca
Southeast
Kansas
Farm Credit Banks of
Wichita
Farm Credit Administration
Congress
Farm Credit System
Ward
Wichita Bank
Emporia
Flbas
Pcas
Sen. Boren
D-Oka
Northeast Pca
Ottawa
Franklin County
Sedan
Chanute
Madison
Bronson
Southeast Kansas Farm Credit Association
Land Bank
Emporia Pcas
Ottawa Land Bank
New Southeast Association
FCS
Denver
Capital Corporation