farm credit system general overview brochure - june 2011

8/6/2019 Farm Credit System General Overview Brochure - June 2011

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Farm Credit is proud to serve the American

producers and agribusinesses that provide

aordable ood and resources or the world



OUR MISSION MAKES US UNIQUE

Farm Credit was chartered by Congress to serve as a competitive

source o dependable credit and related services to agriculture and rural

America. We deliver the fnancial resources o worldwide investors to the

rural communities we serve. For almost 100 years, Farm Credit has been a

stable and reliable lender, and our employees are uniquely positioned to

serve the needs o rural America.

Because our customers are our owners and they sit on our boards

o directors, our mission ocus is guaranteed. Farm Credit’s cooperative

structure also ensures that profts are returned to customers throughpatronage distributions or retained to capitalize mission-related activity.

OUR VALUE IS IN OUR EXPERTISE

At Farm Credit, we ocus on one thing – meeting the unique fnancial

needs o agriculture and rural America. Our specialized ocus has

allowed us to establish unparalleled profciency in understanding those

we serve. Our legacy o stability and dependability is demonstrated in

our multi-generational relationships with thousands o arm amilies

across America.

A HISTORY OF GROWTH

The seeds o the Farm Credit System were planted by President Theodore

Roosevelt in 1908 to address the problems acing a predominantly rural

population. Congress passed the Federal Farm Loan Act o 1916, which

created the cooperative Farm Credit System. Since then the System, much

like agriculture itsel, has continually evolved and grown.

The Farm Credit System has been lending

support to rural America since 1916.

Farm Credit’s nationwide network

o customer-owned institutions provides

loans, leases and related services

in all 50 states and Puerto Rico.



The history, structure and services

o Farm Credit today mirror the evolving

needs and diversity o American agriculture.

A SYSTEM OF COOPERATIVE SUPPORT

The Farm Credit System has a unique structure that keeps us closely tied

to and ocused on the industries we fnance and the rural communities

we serve. Farm Credit associations are governed by stockholder-directors

and are owned cooperatively by those who borrow rom them. District

wholesale banks are in turn owned by and und the associations. Each

bank and association manages and controls its own business activities,

operations and fnancial perormance.

The Farm Credit System is well-organized, consistently unded, and

careully 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 are

governed by a local board o directors comprised o customer-owners

and outside representatives.

• Associations are unded by a district wholesale bank, which is also run

as a cooperative.

• The Federal Farm Credit Banks Funding Corporation unds the

district wholesale banks, by issuing a variety o Farm Credit Sytemwide

Debt Securities.• The Farm Credit Administration is the System’s independent regulator.

• The Farm Credit System Insurance Corporation issues the timely

payment o principal and interest on Systemwide Debt Securities.

• The Farm Credit Council represents the System and its borrowers

beore Congress.

For more inormation about Farm Credit, please visit us at

www.armcredit.com or e-mail [email protected].

Farmers, ranchers, agribusinesses,

commercial fshermen, timber producers,

rural homeowners, arm-related businesses,

agricultural cooperatives and rural utilities all

turn to Farm Credit or fnancing.

PHOTO C

farm credit system general overview brochure - june 2011

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