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TeachMeFinance.com - explain Agricultural Credit Act of 1987 Agricultural Credit Act of 1987 The term 'Agricultural Credit Act of 1987 ' as it applies to the area of agriculture can be defined as ' P.L. 100-233 (January 6, 1988) was enacted in response to the severe financial crisis of the early- to mid-1980s which affected both farmers and their lending institutions. The Act authorized a $4 billion financial assistance package for financially vulnerable institutions of the Farm Credit System (FCS), protected the full value of FCS borrower stock when retired, established a permanent insurance mechanism to ensure the repayment of funds borrowed by the FCS for lending purposes, required the FCS and Farmers Home Administration to restructure severely delinquent farm loans that meet certain criteria, mandated FCS consolidation and established a secondary market for farm real estate loans'. Previous 5 Terms: Agricultural Adjustment Act (AAA) of 1933 Agricultural Adjustment Act Amendment of 1935 Agricultural Adjustment Act of 1938 Agricultural Attache, Counselor, or Trade Officer Agricultural Conservation Program (ACP) Next 5 Terms: Agricultural Credit Association (ACA) Agricultural district Agricultural diversification Agricultural drainage Agricultural Fair Practices Act of 1967 About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.