That would be fine.

Farm Credit is really customer owned financing with the implicit backing of the government should it get in trouble. It does have a government regulatory acency and also gains some benefit from the Land Bank side by not paying taxes on any lending profits (although the owners pay taxes when they recieve patronage from the profits). The commercial side (once known as PCA) pays taxes on profits like any other bank (something Bert Ely will always fail to point out).  Bert will also fail to point out that regular banks owned under certain entities such as limited partnerships will also fail to pay taxes but let the profits pass through to the partners. Pretty much like Farm Credit members pay taxes on patronage. If you have gotten all your information about Farm Credit via Bert it is sure to be very one sided, marginally correct to very misleading with plenty of omissions.

In the 80's the Federal Government did have to bail out the Farm Credit System but all the bail out money has since been repaid as of about maybe ten years or so ago. As I understand it, they were very under capitalized in the 70's, much like some of the banks of today got into trouble. After all, farm land prices never drop. Just like housing prices never drop.

The loans provided through Farmers Home would be what I consider government owned financing, but I have really had no dealing with them so am not sure. Some people confuse the subject by thinking they are one and the same with the Farm Credit System, which they are not. I believe that program is administered by government employees. There are no government employees involved in the Farm Credit System I am aware of except for regulatory.

John