Interim Report on the Implementation of the Farm Credit Act Amendments of 1980
GGD-83-26
Published: Mar 07, 1983. Publicly Released: Mar 07, 1983.
Skip to Highlights
Highlights
GAO undertook a review of 13 programs pursuant to the provisions of the Farm Credit Act Amendments of 1980 which require GAO to conduct evaluations of the programs and activities authorized by the amendments and to make an interim report to Congress.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Farm Credit Administration | The Governor, FCA, should establish minimum requirements which district Banks for Cooperatives must meet before they are allowed to undertake an international banking services program. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Farm Credit Administration | The Governor, FCA, should determine the feasibility of using the results of the federal bank regulatory agencies' country risk studies or have FCA develop such studies on its own. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Farm Credit Administration | The Governor, FCA, as part of his responsibilities to supervise and examine the Farm Credit System, should closely monitor the implementation of the other financing institution program in each farm credit district to ensure that other financing institutions, which are significantly involved in agricultural lending and are otherwise eligible, are given the opportunity to enhance their utilization of the financial services of the Federal Intermediate Credit Banks and better serve the needs of agriculture. The monitoring should specifically include application of the regulations and policies dealing with agricultural loan volume, debt-to-capital ratio, access to national and regional money markets, investment in the Federal Intermediate Credit Bank, and gross loan-to-deposit requirements. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Farm Credit Administration | The Governor, FCA, should evaluate past young farmer programs and identify what programs were successful. |
Closed – Not Implemented
FCA takes the position that young, beginning, and small farmers should be treated the same as other participants.
|
| Farm Credit Administration | The Governor, FCA, should study the current needs of young, beginning, and small farmers and ranchers and identify what programs would meet these needs. |
Closed – Not Implemented
FCA takes the position that young, beginning, and small farmers should be treated the same as other participants.
|
| Farm Credit Administration | The Governor, FCA, should disseminate information to district banks and associations on the types of programs they should consider in developing individual young, beginning, and small farmer programs. |
Closed – Not Implemented
FCA takes the position that young, beginning, and small farmers should be treated the same as other participants.
|
| Farm Credit Administration | The Governor, FCA, should establish specific program goals so that progress toward meeting these goals can be measured and reported. |
Closed – Not Implemented
FCA takes the position that young, beginning, and small farmers should be treated the same as other program participants.
|
Full Report
Office of Public Affairs
Topics
Agricultural programsBanking regulationFarm credit banksForeign loansInvestments abroadProgram evaluationFarm creditInternational bankingInterest ratesMortgage market