Farm Credit System

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The Farm Credit System (FCS) in the United States is a nationwide network of borrower-owned lending institutions and specialized service organizations. The Farm Credit System provides more than $373 billion (as of 2022)^[1] in loans, leases, and related services to farmers, ranchers, rural homeowners, aquatic producers, timber harvesters, agribusinesses, and agricultural and rural utility cooperatives. As of 2021, the Farm Credit System provides more than 45% of the total market share of US farm business debt.^[2]

Congress established the Farm Credit System in 1916 to provide a reliable source of credit for farmers and ranchers, ^[3] by making loans to qualified borrowers at competitive rates and providing insurance and related services.