FEDERAL FARM CREDIT SYSTEM

FEDERAL FARM CREDIT SYSTEM

federal farm credit system. The national cooperative system of banks and associations providing credit to farmers, agricultural concerns, and related businesses. ? The system consists of the banks for cooperatives, the farm credit banks, and the Federal Farm Credit Banks Funding Corporation. It is supervised by the Farm Credit Administration and was originally capitalized by the federal government. The system is now self-funding and owned by its member-borrowers. [Cases: United States 53(7). C.J.S. United States ¡ì¡ì 90, 92¨C93.]
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