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ICBA Seeks More Accurate Farm Credit Data

The Farm Credit Administration should finally implement an accurate and useable system for collecting and reporting data on young, beginning, and small farmers, ICBA said.

In a comment letter to the Farm Credit System regulator, ICBA said the current reporting scheme misrepresents the FCS’s service to these farmers, confusing Congress and the general public.

ICBA noted that the current system allows the counting of a single borrower multiple times and uses non-uniform data that inflates lending statistics. It advocated a more accurate presentation of YBS farmers, opposed efforts to index categories to incorporate larger and more established producers, and ultimately provide a more accurate picture of YBS activity.

Read ICBA Comment Letter

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