Putnam is a 41-year Farm Credit System
veteran and currently serves as Chief Business Officer for Farm Credit East, ACA, the association serving seven Northeastern states.
Farm real estate debt is now heavily concentrated, about 80%, in the Farm Credit System
and commercial banks as opposed to individuals (Figure 2).
The House passed a farm bill that eliminated the expanded lending authority the Farm Credit System
requested and received at the committee level.
Figure 4 shows that commercial banks lend the largest portion of the farm sector's total debt (37%), followed by the Farm Credit System
(30%), individuals and others (21%), and life insurance companies (5%).
Despite a decline from its peak $82 billion loan portfolio of 1983, the Farm Credit System
is still by far the nation's leading agricultural lender, providing over one-third of all real estate and operating credit for farmers and their marketing and production cooperatives.
While there is much to like in the bill, lawmakers missed an opportunity to reform the outdated, unfair and unreasonable tax advantages enjoyed by credit unions and the Farm Credit System
With over USD100bn in total assets, AgriBank is bank within the national Farm Credit System
that is owned by 14 Farm Credit Associations.
A large bank within the national Farm Credit System
, AgriBank has total assets of over USD100bn.
AgriBank is a large bank within the national Farm Credit System
, with over USD100 billion in total assets.
In addition to Van Hoose's more than 25 years of experience in the Farm Credit System
, he has held positions in the U.
This fund is unique among other licensed RBICs in that it has broad support from the Farm Credit System
, commercial banks and strategic limited partners who care deeply about the success of rural communities," said Patrick Morand, partner and president of Open Prairie.