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The board represents the twelve farm credit districts in the country.
Officials promised food programs, farm credits and other aid to fight poverty in the region.
It looked for a moment as if Farm Credit might go bankrupt.
"It is in our best interest at Farm Credit to help them survive," he said.
"They are definitely looking at the Farm Credit bailout as a possible model."
Just two weeks earlier, I had signed legislation that improved the farm credit system, to make more loans available to farmers at lower interest rates.
Farm Credit officials said the two-year bonds had a 6.9 percent coupon and were offered to investors at a price of 100.
Hence, the administration turned to an ambitious program of farm credits, price supports, market management, and technical assistance.
Given the economic impact of regulation, it merits its own title amid others like trade, research, conservation, or farm credit.
Are you looking for an annual report on the condition of the Farm Credit System?
He worked as a business analyst for the Farm Credit Association in 1934.
"Our Farm Credit personnel also bring the lenders' perspective to meetings," he said.
The people selling Farm Credit bonds for less than they were worth weren't necessarily stupid.
Officials said this would save money that could be applied to the Farm Credit System.
The ongoing global credit crisis has affected farm credits, despite a boom in commodity prices.
They had been pressing common demands for land, farm credits and other benefits promised them after the country's eight-year civil war.
Farm Credit Canada recently conducted a national survey to determine farmer's attitudes toward safety.
Small rural banks, battered by the farm crisis, want a way to provide farm credit without bearing great risk.
Farm Credit Administration, a financial organization during the New Deal era.
The class B stock will be sold to Farm Credit System institutions.
The approach was used last year to inject up to $4 billion into the troubled Farm Credit System.
The farm credit banks are private for-profit institutions that have a Federal charter to lend money to farmers and ranchers.
About $4 billion in United States farm credits, which are included in the $24 billion, have already been made available.
The Farm Credit System would earn fee income for providing its guarantee.
Under the 1985 law, the Farm Credit System can appeal to Congress for financial aid.