Contending that the Farm Credit System should be allowed to make only agriculture loans, bank trade groups presented their opening arguments Friday in their appeal of a federal court decision handed down last November.

Representatives from the Independent Bankers Association of America and the American Bankers Association told the U.S. Court of Appeals for the District of Columbia that a federal judge erred when he gave the government-sponsored enterprise permission to extend credit to businesses that serve farmers, such as equipment and seed dealers.

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