Agricultural Credit Act of 1987
http://dbpedia.org/resource/Agricultural_Credit_Act_of_1987 an entity of type: Thing
In United States federal agriculture legislation, the Agricultural Credit Act of 1987 (Pub.L. 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.
rdf:langString
rdf:langString
Agricultural Credit Act of 1987
xsd:integer
23589146
xsd:integer
841271362
rdf:langString
Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition
rdf:langString
http://ncseonline.org/nle/crsreports/05jun/97-905.pdf|author= Jasper Womach
rdf:langString
In United States federal agriculture legislation, the Agricultural Credit Act of 1987 (Pub.L. 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).
xsd:nonNegativeInteger
1643
