Farm Credit System

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Farm Credit System:

see Farm Credit AdministrationFarm Credit Administration
(FCA), an independent agency of the executive branch of the federal government that supervises and regulates the Farm Credit System (FCS) for American agriculture.
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References in periodicals archive ?
Treasury and given targeted lending authorities (such as the Federal Land Banks).
A contest as to priority ensued when the Alderman and Federal Land Bank mortgages went into default.
The Wilsons have been active in the farm movement for a long time, and they claim that the Federal Land Bank never fully informed them of their rights.
1916: President Wilson signs law creating the Federal Land Banks (FLB) and Farm Loan Board, provides government start-up capital for cooperative ag lending agencies.
He estimates a logit regression model that includes a state's farm foreclosure rate, percentage of farms mortgaged, and percentage of farm mortgages held by federal land banks as explanatory variables.
The FCS is composed of member lending institutions known as the federal land banks. Because of deregulation and unanticipated declines in the value of the agricultural mortgage loans that the banks held as assets, the FCS suffered severe financial distress and required recapitalization by government during the 1980s.
Federal Land Banks had loans outstanding of $19.1 billion, an increase of 15.1 percent, and made loans of $4.7 billion during the year, a 6.6 increase.

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