TITLE

Farm Credit Services nixes purchase

AUTHOR(S)
Laws, Forest
PUB. DATE
November 2004
SOURCE
Southeast Farm Press;11/17/2004, Vol. 31 Issue 26, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Farm Credit Services of America has decided to back out of its purchase agreement with Dutch-based Rabobank International. The agreement would have marked the first sale of a member institution to a private lender in the 80-year history of the Farm Credit System, the national network of farmer-owned federal land banks and farm credit services cooperatives. The Farm Credit Council, the national trade association representing Farm Credit institutions, said the decision to terminate the acquisition agreement was a step that "reaffirmed the value of the cooperative's mission of service to Midwestern farm and ranch families."
ACCESSION #
15110079

 

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