The Nation - News from Sept. 18, 1986
The General Accounting Office said it is inevitable that the financially strapped Farm Credit System, the nation’s largest farm lender, will need a federal bailout and that the government should plan for that assistance in advance. The system’s financial surplus could be exhausted before the end of 1987, the GAO said in a report released by the House Agriculture Committee, which planned a hearing today. The farmer-owned system lost $2.7 billion last year and expects to lose $1.7 billion this year.
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