News releases & notifications
FCSIC Board Announces Premium Projection Range 2019
September 19 2018
At its meeting today, the Farm Credit System Insurance Corporation’s Board of Directors reviewed the status of the Farm Credit System Insurance Fund and projections for the likely level of premium rates for 2019. For planning purposes, the Board of Directors believes that it would be prudent for System banks to anticipate a premium rate of between 7 and 10 basis points to cover growth in 2019. For more details please read the memorandum. Also at today’s meeting the Board of Directors approved FCSIC’s 2019-2020 Annual Plan and Budget.
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