Question

The ______ is a government-sponsored enterprise that works through a cooperative system to provide agricultural and rural loans.

Answer 1

The "Farm Credit System" is a government-sponsored enterprise that works through a cooperative system to provide agricultural and rural loans.

What is Farm Credit System?

A nationwide financing network with a focus on helping the agriculture sector is called as Farm Credit System (FCS). It is composed of banking industry and organisations that extend loans to people and companies around the country.

Some key features of farm credit system are-

• From small farming families to multinational corporations, the FCS supports the rural community including organizations of all shapes and sizes.
• The FCS is composed up several cooperative banks and organisations that lend money to Americans both personally and commercially.
• There are 72 independent, customer-owned financial institutions that make up the FCS.
• A vital source of financing for the agricultural sector, which is viewed as high-risk most traditional lenders, is the Farm Credit System.

To know more about the Farm Credit System, here

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