In 1916 Woodrow Wilson signed the act that established the farm credit system and it was really to provide consistent access to credit for farmers in rural communities, and we still have the very same mission today that we had then which is supporting rural communities and agriculture.
Megan Fairchild Anderson works with AgriBank – one of the many lending institutions connected to the Farm Credit system. And she says in the century since the federal farm loan act was signed into law subsequent laws and advancements along with its cooperative model have strengthened the farm credit system to provide service to its many customers. In turn this has funded and supported many businesses and infrastructure projects in rural America.
“Its rural commuities in agriculture. Everything from telecommunications to real estate loans for farmers. It’s the entire piece that supports that rural communities of America.”