farm credit system

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Word: Farm Credit System

Part of Speech: Noun

Definition: The Farm Credit System is a network of banks and organizations in the United States that provide loans and financial services to farmers and businesses related to agriculture. It was initially funded by the federal government, but now it is owned and operated by the farmers and businesses that use its services.

Usage Instructions:

• You can use "Farm Credit System" when talking about agricultural financing or discussing how farmers get loans to run their farms.
• This term is often used in contexts related to farming, agriculture, and business finance.

Example:

• "Many farmers rely on the Farm Credit System to obtain the funds they need to buy equipment and seeds for the planting season."

Advanced Usage:

• In discussions about rural economies, you might say, "The Farm Credit System plays a crucial role in supporting sustainable agricultural practices by providing affordable financing options to farmers."

Word Variants:

• Farm Credit: This can refer to the loans provided by the system.
• Farmers: Individuals who engage in agriculture and often use the Farm Credit System for financial support.

Different Meanings:

• In a broader sense, "credit" can mean trust in someone's ability to pay back a loan. For example, "He has good credit," meaning he is reliable in repaying borrowed money.

Synonyms:

• Agricultural financing
• Rural credit system
• Farm lending institutions

Idioms and Phrasal Verbs:

While "Farm Credit System" itself doesn't have idioms or phrasal verbs, here are a couple of related expressions: - "Put your money where your mouth is": This means to back up your words with action or money, which can relate to farmers investing in their businesses. - "Cash in on": To benefit or profit from something. For example, "Farmers can cash in on government programs that support the Farm Credit System."

Summary:

The Farm Credit System is an essential financial resource for farmers and agricultural businesses.

Academic

Noun

1. a cooperative nationwide system of banks and associations providing credit to farmers and related businesses; originally capitalized by the federal government but now owned by its members and borrowers

Synonyms

• Farm Credit System
• FCS