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BUCKEYE PRODUCTION CREDIT ASS'N v. FARM CREDIT ADMIN.

No. 92-2137.

997 F.2d 11 (1993)

BUCKEYE PRODUCTION CREDIT ASSOCIATION; Federal Land Bank Association of Fostoria, FLCA, Plaintiffs-Appellees, v. The FARM CREDIT ADMINISTRATION, Defendant-Appellant.

United States Court of Appeals, Fourth Circuit.

Decided June 22, 1993.

Attorney(s) appearing for the Case

Matthew Miles Collette, Civ. Div., U.S. Dept. of Justice, Washington, DC (Stuart M. Gerson, Asst. Atty. Gen., Richard Cullen, U.S. Atty., Mark B. Stern, on brief), for appellant.

Nels J. Ackerson, Ackerson & Bishop, Chartered, Washington, DC (Stewart A. Block, Nilda M. Mesa, Washington, DC, Harvey B. Cohen, Stewart T. Leeth, Cohen, Gettings, Alper & Dunham, Arlington, VA, on brief), for appellees.

Before HALL, MURNAGHAN, and WILLIAMS, Circuit Judges.

OPINION

MURNAGHAN, Circuit Judge:

The case presents us with the question of whether Congress, in amending the Farm Credit Act, 12 U.S.C. §§ 2001-2279bb-6, intended to allow competition between any two Farm Credit System lending associations offering the same types of loans within a given territory. If Congress did not explicitly intend to allow such competition, the question becomes whether the Farm Credit Administration exceeded its authority...

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