Federal Land Bank


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Federal Land Bank

A bank administered under the US Farm Credit Administration that provides long-term mortgage credit to farmers for agriculture-related expenditures.

Federal Land Bank

A bank that provides loans for agricultural or other rural use. Most loans from federal land banks are for commercial agriculture, but they also finance personal and recreational projects. Federal land banks form part of the Farm Credit System. See also: Farm Credit Act.

Federal Land Bank

The former name for institutions established by Congress in 1917 in order to provide long-term mortgage credit to farmers and ranchers, and later to rural home buyers. The Federal Land Banks merged with the Federal Intermediate Credit Banks after the Agricultural Credit Act of 1987.It is now known as a Farm Credit Bank.

References in periodicals archive ?
In Dekle, Federal Land Bank had refinanced a first lien intending to be in first position.
Although that was not the first protest the Federal Land Bank had faced over a foreclosure, the Plattsburg rally may have been the largest and most determined one.
Previous to working at FCL, Legried was an agricultural lender with a Federal Land Bank Association in Spencer, Iowa.
A native of Lake Providence, Nelson previously worked as a loan officer for the Federal Land Bank in Tallulah.
Starting with the Federal Farm Loan Act of 1916, Congress established a cooperative system of Federal Land Banks and farm loan associations.
The story continues through the Federal Land Banks created in the same era to improve the flow of finance to small farmers and a variety of municipal enterprises providing everything from ice to schools.

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