Good afternoon,

Thank you for allowing Farm Credit of New Mexico the opportunity to comment on this important collateral evaluation proposed rule. We hope that these comments will provide FCA with some perspective on how the proposed rule will impact System institutions.  As a result of our evaluation and the reasons stated within our comment letter, we respectfully request that FCA withdraw the Proposed Rule so that FCA and Farm Credit institutions can engage in a thoughtful and thorough discussion on current collateral evaluation practices and tools and find an alternative that better aligns with the stated aims and objectives of the Proposed Rule and protects Farm Credit’s ability to serve its customers and fulfill its mission.

Respectfully,

Ruth Brantsen

Ruth J. Brantsen

Vice President Risk Management 

PO Box 94330

Albuquerque, NM 87199

direct: 505.875.6064

cell: 717.808.3840