The Farm Credit System posted a 1st-quarter loss.
- Share via
The nation’s biggest agricultural lender said it lost $155 million in the quarter, down from a $205-million loss a year earlier, but bringing the agency closer to insolvency. As a result, the system will ask for financial help at a House Agriculture subcommittee hearing today, said Fred Havell, a spokesman for Federal Farm Credit Banks Funding Corp., the fiscal agency for the Farm Credit System.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
