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 ?
Shokry also criticized the fact that the Development and Agricultural Credit Bank is insisting that the farmers pay their debt, despite having failed to sell their produce.
Egypt plans to sell its Development and Agricultural Credit Bank to Saudi's Rajhi Investment Group, Al-Madina daily reported Wednesday, citing a senior government official.
Decree No.(103) appointed Monasr Saleh al-Qu'aiti as a Board Chairman of the Cooperative and Agricultural Credit Bank (CAC Bank).

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