Bank trade groups are fuming over a proposed amendment to the agricultural appropriations bill that they say would unfairly broaden the authority of the rival Farm Credit System.

The proposal, introduced by Sen. Tom Harkin, D-Iowa, would transfer the lending and investment powers of a government-funded company -- Alternative Agricultural Research and Commercialization Corp. -- to a Farm Credit System lender, Denver-based CoBank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.