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House Ag Committee to Hold Hearing on FCA

Posted on 11/25/2015

The House Agriculture Committee has officially scheduled its long-overdue oversight hearing on the Farm Credit Administration on Wednesday, Dec. 2. The hearing will cap a three-year effort by ABA, state associations and bankers to see the Farm Credit System's regulator forced to answer questions about the system's mission drift, sprawling growth and risk to taxpayers.

"The expansion of the FCS's lending far beyond its traditional scope is likely to generate many questions," wrote Bert Ely in this week's Farm Credit Watch e-bulletin. "The FCA's adequacy as a safety-and-soundness regulator should be questioned, too."

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