@article{Hughes:309510,
      recid = {309510},
      author = {Hughes, Merritt R.},
      title = {Recent Developments at the Farm Credit System  },
      address = {1989-09},
      number = {1474-2021-663},
      series = {Agriculture Information Bulletin No. 572},
      pages = {16},
      year = {1989},
      abstract = {Rapid decreases in the number of Farm Credit System (PCS)  loans to farmers during the 1980's severely strained the  system.  One strain on FCS income was the buildup of its  allowance for loan losses.  Another strain was on net  interest income, which  declined due to reduced volume of  assets, as well as increased  interest rates on debt.   Legislation in 1987 reorganized the FCS, provided for up to  $4 billion in assistance, and established new  FCS  institutions.  FCS has now slowed the decline in its loan   volume and improved its returns.  It still faces a long  road to  complete recovery, with much of the cost of  consolidating  institutions, bailing out failing  institutions, and restructuring  loans still ahead.},
      url = {http://ageconsearch.umn.edu/record/309510},
      doi = {https://doi.org/10.22004/ag.econ.309510},
}