On June 23, 2023, from 12 noon–1:00 ET, the Penn State Center for Agricultural and Shale Law, alongside the Pennsylvania Department of Agriculture’s Agricultural Business Development Center, will present the next webinar in the Understanding Agricultural Law educational series: “Understanding the Basics of the Farm Credit System,” presented by attorney Douglas Durkin.
Following the Homestead Act of 1862, farmers needed stable, low-interest credit to purchase land after most free land in the West had been claimed. After several attempts to provide a solution, in 1916, Congress passed the Federal Farm Loan Act, followed by the Farm Credit Acts of 1933 and 1953, and the current farm Credit Act of 1971, which established the framework for the current Farm Credit Administration and Farm Credit System. This system now serves as a vital source of credit and financial services for more than 600,000 rural and agricultural clients, servicing nearly one million loans in a portfolio worth more than $370 billion.
This webinar will explain the structure, funding, and operations of the Farm Credit System (FCS), including the unique lending requirements imposed by Congress such as who is eligible for FCS services, how those services may be obtained, and many of the issues on which outside attorneys interact with the FCS, including real estate transactions, subpoenas, subordinations, easements, and solar leases.
1 hour of substantive CLE credit available for Pennsylvania licensed attorneys at no charge.
Materials
- Resources: Understanding the Basics of the Farm Credit System
- PowerPoint: Understanding the Basics of the Farm Credit System
- Recording: Understanding the Basics of the Farm Credit System
Learn more about the Understanding Agricultural Law series on our main page here.
Questions? Email Audry Thompson: aet17@psu.edu
