Legal Definitions - federal farm credit system

The Federal Farm Credit System is a national cooperative system of banks and associations that provide credit to farmers, agricultural concerns, and related businesses. It is supervised by the Farm Credit Administration and was originally capitalized by the federal government. The system is now self-funding and owned by its member-borrowers.

For example, a farmer who needs a loan to buy new equipment or expand their farm can apply for credit through the Federal Farm Credit System. The system provides loans at competitive interest rates and offers flexible repayment terms to help farmers manage their finances.

The Federal Farm Credit System plays an important role in supporting the agricultural industry and helping farmers access the credit they need to grow their businesses.