Business / Agriculture / Agricultural Credit Act Of 1987: P.L. 100-233 (January 6, 1988) was enacted in response to the severe financial crisis of the early- to mid-1980s which affected both farmers and their lending institutions. The Act authorized a $4 billion financial assistance package for financially vulnerable institutions of the Farm Credit System (FCS), protected the full value of FCS borrower stock when retired, established a permanent insurance mechanism to ensure the repayment of funds borrowed by the FCS for lending purposes, required the FCS and Farmers Home Administration to restructure severely delinquent farm loans that meet certain criteria, mandated FCS consolidation and established a secondary market for farm real estate loans.
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence
Business / Agriculture / Farm Credit System (FCS): A network of cooperatively owned lending institutions and related service organizations serving all 50 states and the Commonwealth of Puerto Rico. The FCS specializes in providing farm real estate and MORE
Business / Agriculture / Farm Credit Act Of 1971: P.L. 92-181 (December 10, 1971) recodified all previous acts governing the Farm Credit System (FCS, or System), a cooperatively owned government sponsored enterprise that provides credit primarily to MORE
Business / Agriculture / Consolidated Farm And Rural Development Act Of 1961: P.L. 87-128 (August 8, 1961) authorized a major expansion of USDA lending activities, which at the time were administered by Farmers Home Administration (fmha), but now through the Farm Service Agency MORE