Farm Credit Act of 1933
E29021
The Farm Credit Act of 1933 was a New Deal-era U.S. law that reorganized and expanded federal agricultural credit programs to provide relief to struggling farmers during the Great Depression.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
New Deal legislation
→
United States federal statute → |
| administeredBy |
Farm Credit Administration
→
|
| aimedAt |
struggling farmers
→
|
| appliesTo |
farm real estate loans
→
intermediate-term agricultural loans → short-term production credit → |
| context |
Great Depression farm crisis
→
|
| country |
United States
→
|
| created |
Farm Credit Administration
→
|
| effect |
expanded availability of long-term farm credit
→
reduced farm foreclosures → stabilized farm mortgage market → |
| enactedDuring |
Great Depression
→
|
| field |
agricultural finance
→
rural credit → |
| historicalPeriod |
First New Deal
→
|
| jurisdiction |
United States federal government
→
|
| legislativeBody |
United States Congress
→
|
| longTermImpact |
foundation for modern Farm Credit System
→
|
| partOf |
New Deal
→
|
| policyType |
agricultural credit policy
→
economic relief measure → |
| presidentAtEnactment |
Franklin D. Roosevelt
→
|
| primaryPurpose |
prevent farm foreclosures
→
provide emergency credit to farmers → refinance farm mortgages → reorganize federal agricultural credit system → |
| providedFor |
extended repayment periods for farm debt
→
loans to agricultural cooperatives → lower interest rates on farm loans → refinancing of farm mortgages → |
| regulates |
banks for cooperatives
→
federal land bank lending → production credit associations → |
| relatedTo |
Agricultural Adjustment Act of 1933
→
Emergency Farm Mortgage Act of 1933 → Farm Credit Act of 1971 → |
| reorganized |
Banks for Cooperatives
→
Federal Intermediate Credit Banks → Federal Land Banks → Production Credit Associations → federal farm credit system → |
| sector |
agriculture
→
|
| signedBy |
Franklin D. Roosevelt
→
|
| targetGroup |
family farmers
→
farm owners → tenant farmers → |
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
73rd United States Congress
→
|
enacted |