Federal Land Bank

Definition

Federal banking institution that issues long-term credit options to farmers who are seeking to consolidate debt, purchase farming land, or purchase other agricultural necessities such as farming equipment or food for livestock. The farmer applying for the loan must meet the following criteria: the farmer must purchase stock in 1 of the 500 land bank associations equal to 5% of the request loan amount, and also must purchase stock in the Federal Land Bank.
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federal key rates Federal Farm Credit Bank (FFCB)