Farmer Mac is too good an idea to lose.
Farmer Mac would guarantee the rest, in return for an insurance fee large enough to cover the likely risks.
That may have been sufficient when Farmer Mac was small.
"The agency has all the resources we need to examine Farmer Mac," he said.
"I always thought Farmer Mac was a great story," he said.
Farmer Mac was born in 1988, part of a larger bailout for the farm industry.
In the meantime, Farmer Mac made the most of its freedom.
But each year, Farmer Mac has assumed more risk in its investments.
Farmer Mac has no bank lines to draw down if the commercial paper market were to grow skittish.
Farmer Mac has been benefiting from low interest rates and a stable farm sector.
Farmer Mac is too good an idea to lose.
Farmer Mac would guarantee the rest, in return for an insurance fee large enough to cover the likely risks.
That may have been sufficient when Farmer Mac was small.
"The agency has all the resources we need to examine Farmer Mac," he said.
"I always thought Farmer Mac was a great story," he said.
Farmer Mac was born in 1988, part of a larger bailout for the farm industry.
In the meantime, Farmer Mac made the most of its freedom.
But each year, Farmer Mac has assumed more risk in its investments.
Farmer Mac has no bank lines to draw down if the commercial paper market were to grow skittish.
Farmer Mac has been benefiting from low interest rates and a stable farm sector.