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The Farm Credit System (FCS) in the United States is a nationwide network of borrower-owned lending institutions and specialized service organizations. The Farm Credit System provides more than $373 billion (as of 2022) [1] in loans, leases, and related services to farmers, ranchers, rural homeowners, aquatic producers, timber harvesters, agribusinesses, and agricultural and rural utility ...
The Farm Credit Administration is an independent agency of the Executive Branch of the federal government of the United States.It regulates and examines the banks, associations, and related entities of the Farm Credit System, a network of borrower-owned financial institutions that provide credit to farmers, ranchers, and agricultural and rural utility cooperatives, as well as provides ...
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
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President Ronald Reagan signing the act. In United States federal agriculture legislation, the Agricultural Credit Act of 1987 (Pub. L. 100–233, 101 Stat. 1568, enacted January 6, 1988) was enacted in response to the severe financial crisis of the early- to mid-1980s, which affected both farmers and their lending institutions.
The Secretary of Agriculture was granted the authority to exercise all rights of ownership of the corporation by Executive Order 8219 of 1939. It was reincorporated on July 1, 1948, as a federal corporation within USDA by the Commodity Credit Corporation Charter Act (62 Stat.1070; 15 U.S.C. 714). [2] [3]
Farm Credit Act of 1933; Long title: An Act to provide for organizations within the Farm Credit Administration to make loans for the production and marketing of agricultural products, to amend the Federal Farm Loan Act, to amend the Agricultural Marketing Act, to provide a market for obligations of the United States, and for other purposes.
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