The history, structure and serviceso Farm Credit today mirror the evolvingneeds and diversity o American agriculture.
A SYSTEM OF COOPERATIVE SUPPORT
The Farm Credit System has a unique structure that keeps us closely tiedto and ocused on the industries we fnance and the rural communitieswe serve. Farm Credit associations are governed by stockholder-directorsand are owned cooperatively by those who borrow rom them. Districtwholesale banks are in turn owned by and und the associations. Eachbank and association manages and controls its own business activities,operations and fnancial perormance. The Farm Credit System is well-organized, consistently unded, andcareully regulated. The ollowing organizations provide stability,oversight, and a clear commitment to the Farm Credit mission:
Local associations are the System’s cooperative retail lenders. They aregoverned by a local board o directors comprised o customer-ownersand outside representatives.
Associations are unded by a district wholesale bank, which is also runas a cooperative.
The Federal Farm Credit Banks Funding Corporation unds thedistrict wholesale banks, by issuing a variety o Farm Credit SytemwideDebt Securities.
The Farm Credit Administration is the System’s independent regulator.
The Farm Credit System Insurance Corporation issues the timelypayment o principal and interest on Systemwide Debt Securities.
The Farm Credit Council represents the System and its borrowersbeore Congress.For more inormation about Farm Credit, please visit us at
Farmers, ranchers, agribusinesses,commercial fshermen, timber producers,rural homeowners, arm-related businesses,agricultural cooperatives and rural utilities allturn to Farm Credit or fnancing.
PHOTO CREDIT: 4H