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Notice of Petition - "Compensation, Retirement Programs and Related Benefits"


Kirk Sandquist
430 Main St
Deer Lodge, MT 59722-1059


April 19, 2013

Barry F Mardock
Deputy Director
Office of Regulatory Policy, Farm Credit Administration
1501 Farm Credit Drive
McLean, VA 22102-5090


Dear Mr. Mardock:

The FCS is a government sponsored enterprise or GSE and they need to have
a high standard of accountability and transparency in their dealings.  The
FCS is also structured as a cooperative and their members need to be
allowed to have a vote on the large pay packages of FCS CEOs, executives,
and senior officers.

If the FCA backs down on this final regulation due to pressure from the
FCS, then the FCA's credibility as a regulator will be severely undermined
and its supposed interest in transparency will be shown to be nothing more
than empty rhetoric.  Rejecting the FCS petition is also necessary to
ensure better safety and soundness practices are in place for the FCS.
Therefore, I request that the FCA keep the final rule in place and
strengthen it as suggested above.  Thank you for considering my comments.

Sincerely,


Kirk Sandquist
406-846-2400