At the annual meeting of agricultural bankers in San Antonio this week, leaders of the ag bankers group met with officials of the Farm Service Agency to review FSA’s guaranteed loan program.
One of those attending was banker Sam Miller of Appleton, Wisconsin, past chairman of the American Bankers Association’s ag bankers committee. He says several aspects of the program were discussed.
“Things like looking at the loan limits and being able to deal with volatility,” says Miller. “We discussed—didn’t come to any resolution—but discussed how do we fund margin calls and how do we fund risk management plans with inside FSA guarantees—how do you handle contracts with other operations and manage through that process.”
Miller says with more than three-billion dollars in the market, the guaranteed loan program has been crucial to keeping credit flowing.
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