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A Look at FCS Participation in FSA's Guaranteed Lending Programs

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  • Koenig, Steven R
  • Dodson, Charles B

Abstract

The Farm Credit System (FCS) is a relatively minor source of Farm Service Agency guaranteed credit, accounting for just 15% of the total guaranteed farm loan program volume at the beginning of 1997. Commercial banks remain the primary supplier of guaranteed credit to US farmers, supplying more than 80% of the $6.4 billion in outstanding FSA-guaranteed loan volume at the start of 1997. Thrifts, credit unions, non-profits, and others supply the balance of guaranteed loans. While the FCS's share of guaranteed volume is much less than its 26% share of total farm business debt, the commercial bank system's share is much greater than its 40% share of total farm business debt.

Suggested Citation

  • Koenig, Steven R & Dodson, Charles B, 1998. "A Look at FCS Participation in FSA's Guaranteed Lending Programs," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 11(3).
    • Handle: RePEc:ags:abajal:336425
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    File URL: https://ageconsearch.umn.edu/record/336425/files/ers2022-23-0381.pdf
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