The
Farm Credit System Insurance Corporation was established by the Agricultural Credit
Act of 1987 as an independent U.S. Government controlled corporation. The Corporation's
primary purpose is to ensure the timely payment of principal and interest on insured
notes, bonds, and other obligations issued on behalf of Farm Credit System banks.
As
an independent entity, the Farm Credit System Insurance Corporation shall:
Protect investors in
insured Farm Credit System obligations and taxpayers through sound administration
of the Insurance Fund;
Exercise its authorities
to minimize loss to the Insurance Fund;
Help ensure the future
of a permanent system for delivery of credit to agricultural borrowers.
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