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Lender's choice is dead! Long live lender's choice

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  • Ely, Bert

Abstract

Mike Reyna, the new chairman of the Farm Credit Administration, is moving at lightning speed to put his stamp on the Farm Credit System (FCS) through a revolutionary new national chartering program for FCS lenders. Stripped to its essentials, national chartering is merely a minor variation of the lender's choice initiative championed by the late FCA Chairman Marsha Martin. Combined with new rules governing cross-titling and FCS loan participations with non-FCS lenders, national chartering will trigger unrestrained and potentially destructive competition within the FCS.

Suggested Citation

  • Ely, Bert, 2000. "Lender's choice is dead! Long live lender's choice," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 13(4).
    • Handle: RePEc:ags:abajal:336540
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    File URL: https://ageconsearch.umn.edu/record/336540/files/ers2022-23-0498.pdf
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