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Farm Credit Act of 1971
The Farm Credit Act of 1971 () recodified all previous acts governing the Farm Credit System (FCS), a cooperatively owned government-sponsored enterprise (GSE) that provides credit primarily to farmers and ranchers.
== Background ==
The legislation was enacted by the United States government to "further provide for the farmer-owned cooperative system of making credit available to farmers and ranchers and their cooperatives, for rural residences, and to associations and other entities upon which farming operations are dependent, to provide for an adequate and flexible flow of money into rural areas, and to modernize and consolidate existing farm credit law to meet current and future rural credit needs, and for other purposes."〔(【引用サイトリンク】title=Farm Credit Act of 1971 )〕
The Farm Credit Act of 1933 () was first passed on June 16, 1933, the last day of President Franklin D. Roosevelt's "Hundred Days" initiative, an effort by his administration to quickly put in place measures to fight the Great Depression. The Act eliminated earlier provisions relating to government capitalization of the System, and expanded the lending authorities of many System institutions.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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