Federal Farm Loan Act

E126019

The Federal Farm Loan Act was a 1916 U.S. law that created a system of federal land banks to provide long-term, low-interest credit to farmers, greatly expanding access to agricultural financing.

All labels observed (4)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal statute
agricultural credit law
administeredBy Federal Farm Loan Board
aimedAtProblem high interest rates on farm mortgages
limited access to credit for farmers
appliesTo farm real estate loans
beneficiary farm owners
farmers
country United States of America
surface form: United States
creates Federal Farm Loan Board
Federal Land Banks
Federal Land Banks
surface form: Joint Stock Land Banks
dateEnacted 1916-07-17
encourages development of cooperative lending institutions
farmer land ownership
establishes Federal Farm Loan Board
surface form: Federal Farm Loan System
financingInstrument farm loan bonds
geographicScope nationwide
historicalContext Progressive Era reforms
pre–World War I agricultural policy
implementedThrough regional Federal Land Banks
inspiredBy rural credit movements
interestRateType low-interest
legalStatus amended
legislativeBody United States Congress
loanType long-term farm mortgages
longTermImpact foundation for the modern Farm Credit System
mechanism issuance of farm loan bonds
long-term mortgage loans to farmers
numberOfFederalLandBanksCreated 12
partOf United States farm credit legislation
policyArea banking regulation
farm finance
rural credit
presidentialAdministration Woodrow Wilson administration
provides cooperative credit structure for farmers
purpose to expand access to agricultural financing
to provide long-term, low-interest credit to farmers
regulates operations of Federal Land Banks
relatedTo Farm Credit Act of 1933
federal farm credit system
surface form: Farm Credit System

Federal Farm Board
sectorTargeted agriculture
sets terms and conditions for federal farm loans
signedBy Woodrow Wilson
subjectOf United States agricultural policy history
studies of rural finance
yearEnacted 1916

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Woodrow Wilson administration notablePolicy Federal Farm Loan Act
federal farm credit system legalBasis Federal Farm Loan Act
subject surface form: Federal Farm Credit System
this entity surface form: Farm Credit Act of 1916
Federal Land Banks partOf Federal Farm Loan Act
this entity surface form: Federal Farm Loan System
Federal Land Banks establishedBy Federal Farm Loan Act
this entity surface form: Federal Farm Loan Act of 1916
Federal Intermediate Credit Banks legalBasis Federal Farm Loan Act
64th United States Congress enacted Federal Farm Loan Act