News from the Council

The Farm Credit Council Urges House Members to Oppose Amendment That Would Limit the Effectiveness of the Federal Crop Insurance Program
June 19, 2013
The Farm Credit Council, along with a group of leading agriculture and commodity groups, has urged House members to oppose an amendment to H.R. 1947, the 2013 farm bill, which would make crop insurance protection unaffordable and reduce program participation

Senate to Take Up Farm Bill on Monday
May 16, 2013
Senate Majority Leader Harry Reid (D-NV) on Wednesday introduced a motion to for the Senate to proceed to consideration on the farm bill, S. 954, on Monday, May 20. The motion was agreed to by unanimous consent.

House Agriculture Committee Approves Farm Bill
May 16, 2013
Today, Chairman Frank Lucas of Oklahoma and Ranking Member Collin Peterson of Minnesota issued the following statements after the House Agriculture Committee approved H.R. 1947, the Federal Agriculture Reform and Risk Management (FARRM) Act of 2013, by a large, bipartisan vote of 36-10. Committee Members also adopted, by voice vote, an en bloc amendment.

Senate Agriculture Committee Approves Farm Bill
May 14, 2013
The Senate Agriculture Committee today on a 15-5 vote approved its version of a five-year farm bill. The House Agriculture Committee is set to mark up its version tomorrow.

‘Blue Ribbon Tastes from Farm Credit’ Event Held on Capitol Hill
May 14, 2013
The Blue Ribbon Tastes from Farm Credit event was held today on Capitol Hill. Menu and farm market items featured at the reception, held in the House Agriculture Committee hearing room, were provided by Farm Credit customer-owners in Delaware, Maryland, Pennsylvania, Virginia and West Virginia.

Senate Agriculture Committee Sets May 14 Date for Farm Bill Markup
May 7, 2013
The Senate Agriculture Committee has set a hearing for Tuesday, May 14 to review the 2013 farm bill. The hearing will take place at 10 a.m.

The Farm Credit Council Calls on Senate Ag Committee to Support Strong Crop Insurance Program
May 3, 2013
The Farm Credit Council joined with a large and diverse coalition of agriculture, insurance and financial groups to voice support for crop insurance and to urge the Senate Agriculture Committee to reject any new farm bill provisions that might limit its effectiveness.

White House Budget Proposal Calls for Eliminating Direct Payments, Reducing Crop Insurance Subsidies
April 11, 2013
President Obama’s budget proposal released yesterday calls for providing $22.6 billion in discretionary funding for the Department of Agriculture, roughly equal to the 2012 enacted level, while reducing the deficit by $37.8 billion over 10 years by eliminating direct farm payments, decreasing crop insurance subsidies, and targeting conservation programs.

Crop Insurance Industry Releases ‘Crop Insurance: Just the Facts’
April 10, 2013
As crop insurers prepare for the Farm Bill and funding deliberations in the future, National Crop Insurance Services (NCIS) has released a detailed question-and-answer resource laying out the facts about crop insurance and dispelling some of the most common arguments against crop insurance put forth by its critics.

Farm-Sector Exposure to Drought Worsened During Summer of 2012
April 8, 2013
As of mid-August 2012, 43 percent of farms in the United States were experiencing severe or greater levels of drought and another 17 percent were facing moderate levels of drought, according to figures from USDA’s Economic Research Service

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Farm Credit by the Numbers

  • 1,062,364
    Number of Loans at Dec. 31, 2016
  • 500,000
    Farm Credit Customers Nationwide
  • $253 Billion
    Total Loan Volume at Dec. 31, 2016
  • $12.2 billion
    New Loans to Small Farmers and Ranchers in 2014

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