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The origins of the FSA start with several earlier agencies starting in the 1930s, with several programs and agencies developed during the Great Depression.The Resettlement Administration of 1935 was an early attempt to relocate entire farming communities to more profitable locations, but this was ultimately abandoned as it proved too controversial, expensive, and showed no signs of success. [3]
The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806)). The CCC is authorized to buy, sell, lend, make payments, and engage in other activities for the ...
The Direct and Counter-cyclical Payment Program (DCP) of the USDA provides payments to eligible producers on farms enrolled for the 2002 through 2007 crop years. There are two types of DCP payments – direct payments and counter-cyclical payments. Both are computed using the base acres and payment yields established for the farm.
The National Finance Center (NFC) is a federal government agency division under the United States Department of Agriculture that provides human resources, financial and administrative services for agencies of the United States federal government. NFC's customer base is composed of more than 130 federal organizations, representing all three ...
Replaced in 1994 with the Farm Service Agency. Farm Security Administration (FSA) Federal National Mortgage Association (FNMA or Fannie Mae) Fannie Mae was partially privatized in 1968; its government administered portion was renamed the Government National Mortgage Association (Ginnie Mae); see Department of Housing and Urban Development, above
The Under Secretary provides leadership and oversight for the Farm Service Agency, the Risk Management Agency, and the Foreign Agricultural Service. The President normally appoints the Under Secretary as President of the Commodity Credit Corporation (CCC), though in the past this latter responsibility has sometimes been held by other USDA ...
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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 ...