Farm Credit Administration(FCA)

Agency

Legal Definition of Farm Credit Administration

independent financial regulatory agency charged with overseeing the operation of farm credit institutions. Dealing with the banks, associations, affiliated service organizations, and other entities that make up what is known as the Farm Credit System, the FCA works to protect the interests of those who borrow from or invest in system institutions. Although it is normally prohibited from participating in the management or operations of farm credit institutions, the FCA may so participate when violations of its regulations occur. It has the power to issue cease-and-desist orders, to levy civil monetary penalties, to remove officers of farm credit institutions, to establish financial and operating reporting requirements, and to assume conservatorship over failing institutions. The FCA also has oversight responsibility for the Federal Agricultural Mortgage Corporation (Farmer Mac), a federally chartered secondary mortgage loan and guaranty institution.

Learn More About Farm Credit Administration

Dictionary Entries Near Farm Credit Administration

Fannie Mae

Farm Credit Administration

FAS

See More Nearby Entries 

Cite this Entry

“Farm Credit Administration.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/Farm%20Credit%20Administration. Accessed 22 Sep. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

WORD OF THE DAY

Test Your Vocabulary

Farm Idioms Quiz

  • cow coming home
  • What does 'poke' refer to in the expression 'pig in a poke'?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!