Glen Smith, Board Chair and CEO of the Farm Credit Administration.

This week’s guest on Open Mic is Glen Smith, Board Chair and CEO of the Farm Credit Administration. The watchful eye of the Farm Credit Administration closely monitors the balance sheet of the Farm Credit System and its service to the nation’s farms and ranches. Iowa farmer turned FCA CEO, Smith says stable land values have provided equity farmers needed to restructure debt and maintain working capital. Smith says some of the states with the most financial concern lie in their service area of the Midwest. Farmers were able to maintain income despite lower prices last year because of larger crop production, but says that may not be the case this year. Smith says natural disasters have been extremely challenging for some operations with losses far exceeding areas covered by crop insurance and other risk management tools.