The farm credit system may need aid earlier.
Donald Wilkinson, governor of the Farm Credit Administration, said in an interview, “We might have to use the system’s resources more rapidly than the 18-to-24-month period I’ve been indicating.” Wilkinson said the nation’s farm economy had deteriorated so rapidly that his projection may have been too optimistic. Wilkinson was in Jackson Hole, Wyo., for a three-day meeting of the 37 Federal Farm Credit Systems directors and presidents. They have agreed to formally ask Congress for financial aid.
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