The Nation - News from March 21, 1985

Agriculture Secretary John R. Block changed rules to allow the Farm Credit System, the nation’s largest farm lender, to qualify for quick action on federal guarantees of loans to debt-strapped farmers. Easing the regulations will also make it possible for an undetermined number of additional rural banks to qualify for fast processing of federal guarantee applications so they can continue to lend to financially weak farmers. The new rules are intended to speed processing of federal guarantees and bank loans.