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Glite Dictionary
Farm Credit System

Farm Credit System

4.2
A group of banks owned by farmers that lend money to farms
  • noun
  • Specialized
translation icon : Sistema de Crédito Agrícola
  • The Farm Credit System plays a vital role in supporting rural communities and agricultural producers across the United States.

Examples

  • As a member of the Farm Credit System, he accessed financial assistance for his agricultural business.

  • The Farm Credit System supports farmers across the nation.

  • Many farmers rely on loans and financial services from the Farm Credit System to operate their businesses efficiently.

  • The Farm Credit System has its roots in early 20th-century policies aimed at stabilizing American agriculture.

  • Many farmers rely on the Farm Credit System for loans.

  • The Farm Credit System provides necessary loans to farmers for purchasing equipment and supplies.

  • The Farm Credit System was established to support rural communities by offering credit to farmers.

Synonyms

FCS
vsFarm Credit System
1 8.6

A nationwide system of cooperative banks that lends money to farmers and farm businesses

has identical meaning but uses the full formal name rather than the abbreviation

Surface Forms

Farm Credit System singular

Morphology

Farm + credit + system

The phrase combines familiar nouns whose meanings compose straightforwardly: 'farm' (agricultural producer), 'credit' (financial lending), and 'system' (organized network). A B1 learner who knows these words can readily infer this is an organized arrangement that provides financial credit to farms or farmers, even if they don't know the exact institutional details.

Etymology

Farm Credit System gets its name from the idea of a joined network that gives credit, or 'loans', to farms across the country; picture local banks and farmers pooling money to help each other. That's why the term means a nationwide group of banks and associations that lend to farmers.