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Abstract
Under the Farm Credit Administration's (FCA) proposed lender's choice regulation, which it erroneously calls customer choice, the real agenda surfaces - unleash the Farm Credit System (FCS) empire builders. However, FCS is now being hung by its own petard as FCS lenders express their fears, in comment letters filed with the FCA, that lender's choice will subject them to tax inequities, broader lending authorities, cherry picking, and predatory pricing by their fellow FCS lenders. The following 2 playing field concerns raised by FCS lenders are addressed: 1. taxation and 2. lending authorities.