Farmer Mac: Greater Attention to Risk Management, Mission, Public Purpose, and Corporate Governance Is Needed
GAO-04-827T
Published: Jun 02, 2004. Publicly Released: Jun 02, 2004.
Skip to Highlights
Highlights
This testimony is based on GAO's October 2003 report, Farmer Mac: Some Progress Made, but Greater Attention to Risk Management, Mission, and Corporate Governance Is Needed (GAO-04-116). GAO's testimony presents a brief overview of Farmer Mac and discusses issues raised in its 2003 report, including Farmer Mac's risk management practices and line of credit with Treasury, mission related activities, board structure, and oversight, which is provided by the Farm Credit Administration (FCA).
Full Report
Office of Public Affairs
Topics
Agency missionsAgricultural programsFarm creditFinancial analysisFinancial institutionsGovernment sponsored enterprisesMortgage loansMortgage-backed securitiesRisk managementRural areas