Farm Credit System: Potential Impacts of FCB Mergers on Farmer and Rancher Borrowers

Pursuant to a legislative requirement, GAO examined the potential impact of Farm Credit Bank (FCB) mergers on Farm Credit System borrowers and associations, focusing on the: (1) economies of scale; (2) level of services offered by FCB associations; (3) System's operation as a cooperative; and (4) bank-association relationship.