Definitions for "Farm Credit System"
A national banking system for financing the activities of farmers and ranchers. Farm Credit Administration Website
a cooperative nationwide system of banks and associations providing credit to farmers and related businesses; originally capitalized by the federal government but now owned by its members and borrowers
A system of federally chartered, but privately owned, banks and associations that lend primarily to agricultural producers and their cooperatives. The System is organized as a cooperative. The System is supervised and regulated by the Farm Credit Administration, an agency in the executive branch of the U.S. government.