Farmers home administration and Farmers Home Administration: Difference between pages
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Revision as of 22:48, 26 December 2009
In 1946 Farmers Home Administration (FmHA) replaced the Farm Security Administration which superceded the Resettlement Administration. Its mission and programs involved extending credit for agriculture and rural development. Direct and guaranteed credit went to individual farmers, low-income families, and seniors in rural areas. Loans were given for housing, farm improvement, water systems and emergency relief. It also gave loans and grants for rural development. Between 1947 and 1994 it expanded the availability of credit and size of loans. [1] In the later years it extended credit to individuals and communities for non-farm use. In 1994, the USDA was reorganized and the functions of FmHA was transferred to the Farm Service Agency.