Farm credit legislation
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Farm credit legislation hearings before the Committee on Agriculture, House of representatives, Seventy-sixth Congress, third session on H.R. 8748 .. by United States. Congress. House. Committee on Agriculture

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Published by U.S. G.P.O. in Washington .
Written in English


  • Agriculture -- Economic aspects -- United States,
  • Agricultural credit -- United States

Book details:

Edition Notes

Hearings held: March 7 to April 5, 1940

The Physical Object
Paginationiii, 515 p. :
Number of Pages515
ID Numbers
Open LibraryOL15003975M

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The Farm Service Agency and Commodity Credit Corporation operate under the Farm Security and Rural Investment Act of ( Farm Bill), the Consolidated Farm and Rural Development Act, the Commodity Credit Corporation Charter Act, the Food Security Act of , the U.S. Warehouse Act and numerous other laws.   The Farm Credit Act of , the outcome of recommendations of a commission established by the federal Farm Credit Board, gave the banks and associations more flexibility in lending to production agriculture, and authorized lending to commercial fishermen and rural homeowners. In , the law was amended to encourage lending to young. Subpart: Subpart P - Farm Credit Bank and Agricultural Credit Bank Financing of Other Financing Institutions ‎(8) Other financing institution access to Farm Credit Banks and agricultural credit banks for funding, discount, and other similar financial assistance: Place of discount: Financing rural America: What Farm Credit Mid-America does, where it does business, the flexibility and uniqueness of its products.

Shown Here: Indefinitely postponed in Senate (12/04/) (Measure indefinitely postponed in Senate, H.R. passed in lieu) Farm Credit Act Amendments of - Title I: Farm Credit System Assistance - Amends the Farm Credit Act of to establish the Farm Credit System Assistance Board (Assistance Board) in lieu of the Farm Credit System Capital Corporation. Payment Information. Payments will be applied first to any past due amounts, then to your next scheduled payment. Payments you submit on a business day before p.m. Eastern time will be debited from your checking/savings account and credited to your loan account that business day.; Payments you submit on a business day after p.m. Eastern time will be debited from your checking/savings. Our 72 independent Farm Credit institutions are governed by the customers they serve. Together, we support more than , farmers, ranchers, agricultural producers, rural infrastructure providers and rural homebuyers in all 50 states and Puerto Rico. Farm Credit Act of ; Long title: An Act to further provide for the farmer-owned cooperative system of making credit available to farmers and ranchers and their cooperatives, for rural residences, and to associations and other entities upon which farming operations are dependent, to provide for an adequate and flexible flow of money into rural areas, and to modernize and consolidate.

  (Measure passed House, amended, in lieu of H. R. ) Farm Credit Act Amendments of - =Title I: Federal Land Banks and Associations= - Amends the Farm Credit Act of (Act) to authorize any Federal land bank, under the supervision of the Farm Credit Administration, to: (1) participate in loans with other Farm Credit System institutions. The Farm Credit Administration (FCA), an independent federal agency, regulates the Farm Credit System. The FCA is the regulatory body that writes the regulations that govern Farm Credit institutions, in addition to examining them. Members of the FCA’s Board of Directors are appointed by the President of the United States, with the advice and consent of the Senate. The Farm Credit Act of removed the Farm Credit Administration from the USDA, making it an independent federal agency, with policy oversight from a member-nominated Federal Farm Credit Board. The new board presented Congress with a plan to make farmers the full owners of the System, by replacing government’s capital investment with farmer.   In particular, this guidance is sorely lacking in “don’ts,” i.e., the types of loans the Farm Credit Act bars the FCS from making, such as lending to large, investor-owned utilities or financing hunting lodges and fishing camps that although rural in nature, have nothing to do with production agriculture, farm-related service businesses.