Farm Credit Act

The Farm Credit Act is a law that created a system of financial cooperatives to provide affordable credit and financial services to farmers, ranchers, rural homeowners, and agricultural businesses. It establishes the legal framework for these specialized lenders, known as Farm Credit institutions, ensuring they operate safely and sustainably. The act aims to support rural economic development, promote agricultural sustainability, and ensure rural communities have access to necessary funding. Overall, it helps ensure the agricultural sector has reliable access to credit tailored to its unique needs.