![]() ![]() ![]() In turn, ACAs make short-, intermediate-, and long-term loans, while FLCAs make long-term loans, to farmers, ranchers, producers and harvesters of aquatic products, rural residents for housing, and certain farm-related businesses. Three Farm Credit Banks (FCBs) provide loan funds to 50 Agricultural Credit Associations (ACAs) and one Federal Land Credit Association (FLCA). Wholesale system banks Farm Credit Bank (and Agricultural Credit Bank) charter territories Farm Credit Bank (FCB) The Farm Credit System Insurance Corporation (FCSIC), established by the Agricultural Credit Act of 1987, insures the timely repayment of principal and interest on FCS debt securities. The Farm Credit Administration (FCA), an agency of the federal government created in 1933, provides regulatory oversight for the Farm Credit System. The Farm Credit System is considered the first GSE chartered by the United States. Current authority is granted by the Farm Credit Act of 1971. The Farm Credit System function is to provide a source of credit for American agriculture by making loans to qualified borrowers at competitive rates and providing insurance and related services.Ĭongress established the Farm Credit System as a government-sponsored enterprise (GSE) when it enacted the Federal Farm Loan Act of 1916. ![]() As of 2020, the Farm Credit System provides more than one-third, 44.4%, of the total market share of US farm business debt. The Farm Credit System provides more than $343 billion (as of 2021) in loans, leases, and related services to farmers, ranchers, rural homeowners, aquatic producers, timber harvesters, agribusinesses, and agricultural and rural utility cooperatives.Ĭongress established the Farm Credit System in 1916 to provide a reliable source of credit for farmers and ranchers. The Farm Credit System ( FCS) in the United States is a nationwide network of borrower-owned lending institutions and specialized service organizations. JSTOR ( April 2014) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed.įind sources: "Farm Credit System" – news Please help improve this article by adding citations to reliable sources. and other countries.This article needs additional citations for verification. Transfers and other activity initiated on one device will be viewable and trackable on the other, further enhancing your transactional efficiency.Īpple, the Apple logo, Face ID, iPhone and Touch ID are trademarks of Apple Inc., registered in the U.S. Our app is built on the same platform as our desktop Customer Portal-your username and password will be the same on both. View active & historic insurance policies and current lease balances.Submit a loan payment through our mobile check capture feature.Funds transferred between American AgCredit accounts, and to and from external bank accounts.Transaction history up to two years of activity.Account details, such as balances, interest rate, and next payment amount and date.Access your account details, view transaction history, transfer funds, or submit a check, anytime, anywhere. Welcome to American AgCredit Mobile! Our goal is to simplify our customers lives by putting control of their loan and other accounts in the palm of their hand. ![]()
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