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Agricultural Credit Act of 1987 information


President Ronald Reagan signing the act

In United States federal agriculture legislation, the Agricultural Credit Act of 1987 (Pub. L.Tooltip Public Law (United States) 100–233, 101 Stat. 1568, enacted 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 USDA’s Farmers Home Administration (now, the Farm Service Agency) to restructure severely delinquent farm loans that met certain criteria, mandated FCS consolidation, and established a secondary market for farm real estate loans, including creation of the Federal Agricultural Mortgage Corporation (Farmer Mac).

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Agricultural Credit Act of 1987

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In United States federal agriculture legislation, the Agricultural Credit Act of 1987 (Pub. L.Tooltip Public Law (United States) 100–233, 101 Stat. 1568...

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Farm Credit System

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established by the Agricultural Credit Act of 1987, insures the timely repayment of principal and interest on FCS debt securities. Three Farm Credit Banks (FCBs)...

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an agricultural export credit agency, exclusive among banks of the Farm Credit System. This makes it an agricultural credit bank, a combination of a farm...

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Farm Credit System Insurance Corporation

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Farm Credit System Insurance Corporation (FCSIC) is an entity of the Farm Credit System (FCS), established by the Agricultural Credit Act of 1987, to insure...

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United States Department of Agriculture. It is based in Washington, D.C. It was created by the Agricultural Credit Act of 1987 (Pub. L.Tooltip Public Law...

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The Agriculture Mediation Program is program initially authorized by the Agricultural Credit Act of 1987 (P.L. 100-233, Title V, and recently amended by...

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The Farm Credit System Assistance Board was a temporary board created by the Agricultural Credit Act of 1987 (P.L. 100-233, Title II) and was responsible...

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