I appreciate all the work you have done on this legislation, and I look forward to working with you on issues of mutual concern in the future.

The 500,000 farmers who use Farm Credit System institutions for their credit needs are facing terrific challenges brought about by bad weather, low commodity prices and lost export markets.

This important legislation will improve transparency in the bond market that will be beneficial to those purchasing these important financial instruments.

As chairman of the House Agriculture credit subcommittee, I am extremely sensitive to proposals affecting the providers of credit to farmers and ranchers across our nation.

Any change in registration requirements and the cost associated with such a change would be unwelcome, particularly at a time of such stress in the agricultural economy.