Amarillo Production Credit Association v. Farm Credit Administration

REAVLEY, Circuit Judge:

The Farm Credit Administration (FCA) denied Amarillo Production Credit Association (Amarillo), a federally chartered lending institution, permission to withdraw from the Farm Credit System (System) in order to reorganize under state law. Amarillo sought judicial review of the administrative order and injunctive and declaratory relief. The district court held that the FCA does not have statutory authority to prevent Amarillo’s withdrawal from the System, and enjoined the FCA from interfering with Amarillo’s reorganization. Concluding that the FCA acted within its…