Source: SOUTHEAST FARM PRESS, 6/19/18


The Farm Credit System Insurance Corporation board of directors voted to maintain the current insurance premium assessment rate on adjusted insured debt at 9 basis points for Farm Credit System banks. The board also announced that it would continue assessing 10 basis points on nonaccrual loans and other-than-temporarily impaired investments.  “The board decided to maintain the premium rate on adjusted insured debt because we anticipate growth in insured obligations of 6% in 2018, which is within the growth range projected by FCSIC in January 2018,” said FCSIC Chairman Jeffrey Hall.

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