📉Reducing Regulatory Burden on Farm Credit System for Businesses
Statement on Regulatory Burden
Summary
This document is part of the Farm Credit Administration's (FCA, our, or we) initiative to reduce regulatory burden for Farm Credit System (FCS or System) institutions, including the Federal Agricultural Mortgage Corporation (Farmer Mac). Several System institutions responded to our 2022 request for comments by identifying regulations they considered unnecessary, unduly burdensome or costly, duplicative of other requirements, outmoded, insufficient, ineffective, or not based on law, and this document responds to those comments.
Agencies
- Farm Credit Administration
Business Impact
$$ - Med
The document addresses the Farm Credit Administration's efforts to reduce regulatory burdens for the Farm Credit System, highlighting specific areas where compliance and reporting requirements can be streamlined. This has direct financial implications for business owners, especially those in agribusiness, as fewer regulations may reduce operational costs and enhance efficiency.