What does FCS Financial stand for?
Farm Credit System (FCS)
What is Farm Credit Service?
Farm Credit is a nationwide network of 71 customer-owned financial institutions. Across all 50 states and Puerto Rico, we provide loans and related financial services to U.S. farmers and ranchers, farmer-owned cooperatives and other agribusinesses, rural homebuyers and rural infrastructure providers.
Where does farm credit get their funding?
Farm Credit raises funds by selling debt securities on the nation’s money markets through the Federal Farm Credit Banks Funding Corporation. Farm Credit insures its debt insured through the Farm Credit System Insurance Corporation, a self-funded insurance entity.
What is source of farm credit?
Sources of agricultural credit can be broadly classified into institutional and non- institutional sources. Non-Institutional sources include moneylenders, traders and commission agents, relatives and landlords, but institutional sources include co- operatives, commercial banks including the SBI Group, RBI and NABARD.
What is a Flca loan?
Federal Land Credit Association (FLCA)—An FLCA is a Federal Land Bank Association that owns its loan assets. An FLCA borrows funds from an FCB to make and service long-term loans to farmers, ranchers, and producers and harvesters of aquatic products. It also makes and services housing loans for rural residents.
Is Farm Credit government owned?
The Farm Credit Administration is an independent federal agency that regulates and examines the banks, associations, and related entities of the Farm Credit System (FCS), including the Federal Agricultural Mortgage Corporation (Farmer Mac). The FCS is the largest agricultural lender in the United States.
Is Farm Credit a coop?
All of the banks and direct-lending associations of the Farm Credit System are cooperatives. Each institution is owned and controlled by the farmers who borrow from it. They control the institution by setting policies and helping make decisions. This keeps the institution committed to serving rural credit needs.
Who is Farmer Mac supervised by?
the Farm Credit Administration
Farmer Mac is regulated by the Farm Credit Administration (FCA), an independent agency in the executive branch of the U.S. government.