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The Farm Credit Act of 1933 (Pub.L. 73-75, 48 Stat. 257, enacted June 16, 1933) established the Farm Credit System (FCS) as a group of cooperative lending institutions to provide short-, intermediate-, and long-term loans for agricultural purposes. Specifically, it authorized the Farm Credit Administration (FCA) to create 12 Production Credit Associations (PCAs) and 12 Banks for Cooperatives (BCs) alongside the 12 established Federal Land Banks (FLBs), as well as a Central Bank for Cooperatives.
Video Farm Credit Act of 1933
See also
- Agricultural Marketing Act of 1929
- Federal Farm Loan Act
Maps Farm Credit Act of 1933
External links
- Peters, Gerhard; Woolley, John T. "Franklin D. Roosevelt: "Message to Congress on Consolidation of Federal Farm Credit Agencies.," March 27, 1933". The American Presidency Project. University of California - Santa Barbara.
- Peters, Gerhard; Woolley, John T. "Franklin D. Roosevelt: "Executive Order 6084 Consolidating Federal Farm Credit Agencies.," March 27, 1933". The American Presidency Project. University of California - Santa Barbara.
- "Public Law 73-75, 73d Congress, H.R. 5790" (PDF). Federal Reserve Archival System for Economic Research (FRASER). June 16, 1933.
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