Farm Credit Act of 1971

E155610

The Farm Credit Act of 1971 is a U.S. federal law that modernized and consolidated regulations governing the Farm Credit System, providing a more flexible and comprehensive framework for agricultural and rural credit.

All labels observed (1)

Label Occurrences
Farm Credit Act of 1971 canonical 5

How this entity was disambiguated

Statements (42)

Predicate Object
instanceOf United States federal statute
agricultural credit law
administeredBy Farm Credit Administration
amends earlier Farm Credit Acts
appliesTo federal farm credit system
surface form: Farm Credit System
codifiedIn Title 12 of the United States Code
country United States of America
surface form: United States
defines borrowing authorities for Farm Credit System institutions
powers and authorities of Farm Credit System institutions
effect consolidated prior Farm Credit legislation into a single framework
increased flexibility of Farm Credit System lending authorities
establishes statutory framework for Farm Credit System operations
includesProvision capital and reserve requirements for Farm Credit System institutions
governance requirements for Farm Credit System institutions
supervision and examination of Farm Credit System institutions
intendedBeneficiary agricultural cooperatives
farmers
ranchers
rural communities
jurisdiction United States government
surface form: federal government of the United States
legalStatus in force, as amended
legislativeBody United States Congress
policyArea agriculture
banking regulation
rural development
providesFor credit to agricultural cooperatives
credit to certain rural utilities and related rural enterprises
long-term agricultural real estate loans
short-term and intermediate-term production credit
purpose to modernize regulations governing the Farm Credit System
to provide a comprehensive framework for rural credit
to provide a flexible framework for agricultural credit
regulates banks for cooperatives
Federal Land Bank Association
surface form: federal land bank associations

federally chartered Farm Credit System institutions
production credit associations
relatedTo Farm Credit Administration
federal farm credit system
surface form: Farm Credit System
reorganized federal farm credit system
surface form: Farm Credit System
sectorRegulated agricultural finance
rural credit
subjectOf subsequent amendments affecting agricultural credit policy

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Farm Credit Act of 1933 relatedTo Farm Credit Act of 1971
Farm Credit Administration operatesUnder Farm Credit Act of 1971
federal farm credit system legalBasis Farm Credit Act of 1971
subject surface form: Federal Farm Credit System
Production Credit Associations regulatoryFramework Farm Credit Act of 1971
subject surface form: Production Credit Association
Banks for Cooperatives regulatoryFramework Farm Credit Act of 1971