Some farmers may be ineligible for a federal guaranteed loan program this year because their income is expected to be less than normal, so bankers and a federal agency want the program's rules changed to reflect the 1999 farm crisis.

The Farm Service Agency program requires farmers to show that their income is expected to exceed expenses by 10% before the FSA will issue a government guarantee. Bankers say the 10% rule is arbitrary and difficult to satisfy while crop prices remain at near-record lows.

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.