Farm Credit Administration (FCA)
By: Deborah and Rachel
What does the FCA do?
History of FCA
This was a part of the FDR's New Deal. The FCA helped farmers refinance mortgages over a longer period of time. This helped farmers in the 1930's to get out of the Great Depression.
Head of Department- Jill Long Thompson
- As Chair of FCA, she is responsible for policymaking, adopting regulations, and overseeing the examination and regulation of the institutions that compose the Farm Credit System, including the Federal Agricultural Mortgage Corporation.
- She was appointed by President Barack Obama. She has served on Agriculture Committee in the House of Representatives and she also served as the Under Secretary for Rural Development. She has been a part of the FCA since her appointment in 2010.
That money goes to wages and benefits to employees, transportation of people and things, services like consulting, supplies, materials, and equipment.
Another issue the FCA is concerned with is capital requirements. The main focus on this issues is ensuring institutions hold enough capital to fulfill their mission.