The Farm Credit system is well prepared to provide credit access next year as farmers prepare for another income drop. USDA is projecting a 36 percent decline in farm income for 2016. With that in mind, Kenneth Spearman, CEO of the Farm Credit Administration, told the House Ag Committee at a hearing Wednesday, farmers will have the access to the credit they need given the lower commodity prices…

The agriculture industry is facing an economic downturn after record high levels. Spearman told lawmakers the Farm Credit Administration continues to monitor the economic outlook to prevent or minimize losses…

Spearman testified during the review of the Farm Credit Administration that through borrower’s rights, there are programs in place to help farmers who may be struggling with their payments.