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Summary:
The Farm Credit System (FCS) is a nationwide financial cooperative that lends to agricultural producers, rural homeowners, certain agriculture-related businesses, and agricultural, aquatic, and public utility cooperatives. Established by the Federal Farm Loan Act in 1916 as a government-sponsored enterprise (GSE), it has a statutory mandate to serve agriculture and related enterprises. The System's lending associations are governed by directors elected from System borrowers. Funds are raised through the sale of System bonds and notes. Federal oversight is designed to provide for the safety and soundness of System institutions. This report will be updated.
