Farm Credit System

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Related to Agricultural Credit Bank: Farm Credit Administration

Farm Credit System

The oldest government-sponsored enterprise (GSE) (www.farmcreditffcb.com) in the country, created in 1916. It is a nationwide network of borrower-owned lending institutions and affiliated service entities that makes loans to agricultural and rural borrowers.The members do not take deposits.The funds for loans are obtained through the issuance of Farm Credit debt securities on a worldwide basis in the domestic and global capital markets.

References in periodicals archive ?
Cooperative & Agricultural Credit Bank is the largest agricultural, corporate, retail and commercial bank in Yemen.
CoBank is an Agricultural Credit Bank and is one of five banks in the Farm Credit System (FCS; rated 'AAA/F1+' by Fitch).
Agricultural credit banks provide loans to big zamidars or feudal lords who do not use these loans for betterment of land but for leading luxurious life.
Three of them are central institutions for banking networks: Erste, for savings banks, RZB, for agricultural credit banks, and OVAG, for the group of people's banks.

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