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FEDERALhearing transcript

Senate Hearing on the Farm Credit System and Economic Climate

Original title: THE FARM CREDIT SYSTEM: OVERSIGHT AND OVERLOOK OF THE CURRENT ECONOMIC CLIMATE

January 1, 2018

agriculturefarm credit systemeconomic policybankingrural development

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The Frame

What this does

The hearing provides insight into the federal of agricultural lending, which directly impacts the availability of credit for farmers and rural businesses across the United States.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Farmers and Ranchers

Their access to credit and financial stability is influenced by the policies and oversight discussed in the hearing.

Farm Credit Administration

The agency is subject to congressional oversight regarding its regulatory activities.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

This document is a transcript of a 2016 U.S. Senate Committee on Agriculture hearing regarding the of the . The hearing examined the current economic conditions affecting farmers and the role of the Farm Credit Administration in managing these risks.

Key Facts

  • The hearing was held on May 19, 2016, by the Senate Committee on Agriculture, Nutrition, and Forestry.
  • The primary focus was the oversight of the Farm Credit System in the context of the 2016 economic climate.
  • Witnesses included members of the Farm Credit Administration Board and representatives from private banking and farming sectors.
  • The record includes extensive written testimony from various agricultural and rural development organizations.
  • The hearing addressed concerns regarding declining farm income levels observed in 2015.
  • The committee received written responses to follow-up questions from witnesses regarding regulatory and economic issues.

Frequently Asked Questions

What is the Farm Credit System?
It is a government-sponsored enterprise that provides credit and financial services to farmers, ranchers, and rural homeowners.
Why was this hearing held?
To conduct of the Farm Credit Administration and discuss how the current economic climate was affecting agricultural lending and farm income.

Why It Matters

The hearing provides insight into the federal of agricultural lending, which directly impacts the availability of credit for farmers and rural businesses across the United States.

News Coverage

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Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on Farm Income Decline

The hearing highlights a specific concern regarding the sharp decline in farm income during 2015, which prompted congressional oversight.

Farm Credit Administration

Connected Entities

personPat Roberts“Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry”Map →
organizationFarm Credit Administration“Federal agency responsible for regulating the Farm Credit System”Map →
personJeffery Hall“Member, Farm Credit Administration Board”Map →
personDallas Tonsager“Member, Farm Credit Administration Board”Map →
personDebbie Stabenow“U.S. Senator from Michigan”Map →
personKen Spearman“Chairman, Farm Credit Administration Board”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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