Federal Farm Credit System

Federal Farm Credit System

A system chartered in 1971 through the farm credit act providing farmers with credit services through a Federal Land Bank, a Federal Intermediate Credit Bank, and a bank for cooperatives. See: Federal Farm Credit Bank.
References in periodicals archive ?
Farmers and cooperative cotton gins began establishing oil mills for crushing (processing) cottonseed after the formation of the Federal Farm Credit system in 1933.
Congress reaffirmed its mandate to channel credit to the agricultural sector by enacting the Agricultural Credit Act of 1987 (ACA), which recapitalized the Federal Farm Credit System after it suffered massive losses because of the farm debt crisis.

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