Denny Everson was impatient. Long-term, fixed-rate financing for farmers was stuck in the dust of a receding farm crisis. Federal Land Bank financing had subsided with the 1987 bailout of the Farm Credit System, and the post-bailout FCS looked more like a competitor than a partner. Everson was frustrated by his lack of options for providing long-term fixed-rate loans to farmland customers of his Yankton, S.D.-based First Dakota National Bank. He wanted to "keep that one-stop-shop look and still provide customers with fixed-rate financing for the long term."