Farm Credit Administration

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Farm Credit Administration (FCA)

An independent agency (www.fca.gov) responsible for regulating and examining banks in the Farm Credit System, including Farmer Mac. It is funded through assessments made against the FCS institutions.
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The Farm Credit Act of 1978 was a response to a threatened farm strike by the American Agricultural Movement.
The economic collapse of the farm credit system in the mid-1980s precipitated a crisis resulting in the Farm Credit Act of 1987 (Musolf, 1991).
Doug Sims, CEO of CoBank, part of the cooperatively owned Farm Credit Bank system, said provisions of the Farm Credit Act make it "increasingly difficult for a new generation of farmer-owned cooperatives ...
NCFC also said the Federal Farm Credit Act should be modernized to ensure farmers have access to a competitive source of credit capital for their cooperatives--including new generation cooperatives.
1.3, 1.5, 1.6, 1.7, 1.9, 1.10, 1.11, 2.0, 2.2, 2.3, 2.4, 2.10, 2.12, 2.13, 2.15, 3.0, 3.1, 3.3, 3.7, 3.8, 3.10, 3.20, 3.28, 4.3A, 4.12, 4.12A, 4.13, 4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.18, 4.18A, 4.19, 4.36, 4.37, 5.9, 5.10, 5.17, 7.0, 7.2, 7.6, 7.7, 7.8, 7.12, 7.13, 8.0, 8.5, 8.9 of the Farm Credit Act (12 U.S.C.
Congress passes the Emergency Farm Mortgage Act and the Farm Credit Act, establishing a new production credit system for farmers and ranchers through local Production Credit Associations (PCAs).
Borrowing from CoBank--The Farm Credit Act and Farm Credit Administration regulations bar CoBank from making loans to marketing cooperatives that have more than 20 percent of their voting power in the hands of non-producers or are authorized to pay dividends on member capital that exceed 10 per cent per year.