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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 ...
To be eligible for payments under DCP, owners, operators, landlords, tenants, or sharecroppers must: share in the risk of producing a crop on base acres on a farm enrolled in DCP, and be entitled to share in the crop available for marketing from the base acres or would have shared had a crop been produced; *annually report the use of the farm's cropland acreage;
The Conservation Reserve Program (CRP) is a cost-share and rental payment program of the United States Department of Agriculture (USDA). Under the program, the government pays farmers to take certain agriculturally used croplands out of production and convert them to vegetative cover, such as cultivated or native bunchgrasses and grasslands, wildlife and pollinators food and shelter plantings ...
The Farm Credit System Insurance Corporation (FCSIC) is an entity of the Farm Credit System (FCS), established by the Agricultural Credit Act of 1987, to insure the timely repayment of principal and interest on FCS debt securities.
The Soil Bank converted 80% of the cost of converting from crop to conservation land. [3] Annual payments were also provided to participating states. The payments were based on base price per commodity in the amount of land surrendered. [2] In the south, these annual payments varied from about $8.68 per acre in 1956 to about $11.85 per acre in ...
The Farm Credit Administration is an independent agency of the Executive Branch of the federal government of the United States.It regulates and examines the banks, associations, and related entities of the Farm Credit System, a network of borrower-owned financial institutions that provide credit to farmers, ranchers, and agricultural and rural utility cooperatives, as well as provides ...
The Soil Bank Act authorized short- and long-term removal of land from production with annual rental payments to participants (Acreage Reserve Program and Conservation Reserve Program, respectively). The Acreage Reserve Program, for wheat, corn, rice, cotton, peanuts, and several types of tobacco, allowed producers to retire land on an annual ...
AgFirst, part of the US Farm Credit System, serves as a wholesale lender and business-service provider to a network of local farm credit associations in 15 southern and eastern states, Washington, D.C., and Puerto Rico. [1] [2] It was formed in 1995 by the merger of the Farm Credit Bank of Baltimore and the Farm Credit Bank of Columbia. [3]