Reform Farm Credit

Reform Farm CreditThe Farm Credit System was created 105 years ago to provide a reliable source of credit for the backbone of American agriculture—independent, small, family-owned farms, often owned by young, beginning and small farmers.

But this government program to sustain American agriculture has spun out of control, lending to huge telecoms, publicly-traded companies and customers seeking loans for vacation homes, tuition and investments. And as Farm Credit takes on riskier loans and neglects vulnerable farmers, it puts American agriculture and the American taxpayer at risk.

The Farm Credit System made $6 billion in profits in 2020 but paid only $172 million in federal, state and local taxes. That’s an effective tax rate of only 2.8%

Reform Farm Credit’s mission is to make sure that America’s oldest government-sponsored enterprise (GSE) stays true to its mission to support American agriculture. Unless there is proper oversight and reform of Farm Credit, taxpayers will be on the hook for a bailout, farmers’ access to credit will be greatly reduced and American agriculture will suffer. We can’t let that happen.

Learn more at Reform Farm Credita public awareness campaign in support of local agricultural bankers, voters, taxpayers and small farmers maintained on behalf of the American Bankers Association.