Sign up for FlowVella
Sign up with FacebookAlready have an account? Sign in now
By registering you are agreeing to our
Terms of Service
Loading Flow
3. The Emergency Farm Mortgage Act of 1933
The Farm Credit Act of 1933
The Emergency Farm Mortgage Act attempted to save the farms of individuals delinquent on their loans by extending repayment schedules and offering emergency financing.
The Farm Credit Act established the Farm Credit System (FCS) as a group of cooperative lending institutions to provide short, intermediate, and long-term loans for agricultural purposes.
Recovery because it helped farmers in danger of loosing their properties be able to keep them and refinance their mortgages. Also, it addresses relief because it takes the pressure off the farmers worrying about loosing their properties.
FCA is still kickin Today
FCA Continued