Following its downgrade of the U.S. government's credit, Fitch Ratings on Thursday also downgraded the Farm Credit System (FCS) as a government-sponsored entity that is tied to the debt and ratings of the federal government. The immediate impact of the downgrade in ratings on farmers and agribusinesses that rely on Farm Credit lenders is likely minimal for now. But FCS's four banks and 59 lending associations nationally could see their reserve requirements affected in the future if another rating adjustment is made down the line.

Read More...