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FARM CREDIT SYSTEM ISSUES ITS REPORT ON YOUNG, BEGINNING AND SMALL FARMER LENDING
Jun. 9, 2017
Source: Farm Credit Administration news release
At its monthly meeting today, the Farm Credit Administration board received FCA's 2016 Annual Report on the Farm Credit System's Young, Beginning, and Small (YBS) Farmer Mission Performance.
From 2015 to 2016, the dollar volume of new loans made to small farmers rose 3.3 percent, while the dollar volume of new loans to young and beginning farmers declined by 1.9 percent and 0.3 percent, respectively. However, since the dollar volume of the Farm Credit System's overall farm lending declined by 5.4 percent in 2016, the proportion of the System's dollar volume going to every YBS category actually increased slightly.
On the other hand, all three categories experienced slight declines in the number of loans made in 2016. The number of loans to young farmers declined by 0.2 percent, to beginning farmers by 0.6 percent, and to small farmers by 0.2 percent. By contrast, the System's overall number of new farm loans grew by 0.5 percent.
For more information about the System's YBS farmer lending in 2016, see the related fact sheet.
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