ICBA Opposes Farm Credit Plan to Undermine Farmer Mac

Nov 19, 2019

ICBA expressed opposition to a proposal that would allow Farm Credit System lenders to buy, sell and hold the guaranteed portion of USDA loans as part of their “investment” activities.

The Farm Credit Administration proposal would effectively allow FCS lenders to duplicate Farmer Mac’s role in the secondary market regarding USDA guaranteed loan sales and purchases.

In a comment letter, ICBA told the FCA that diminishing Farmer Mac’s role as a secondary market provider would ultimately reduce bank access to non-FCS secondary market loan purchasers.

Read ICBA's Comments