Our Farm Credit Cooperatives

The concept of a reliable source of credit for the nation’s farmers dates back to 1732, when the first cooperative credit system was organized in New London, Connecticut. Government intervention to meet this need, however, particularly for long-term credit to purchase land, only started in the early 19th century. It was then that most of the free land available in the West under the Homestead Act of 1862 was claimed, and farmers needed long-term credit to purchase land.

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