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Celebrating the Centennial Anniversary of Farm Credit

Floor Speech

Date: June 20, 2016
Location: Washington, DC
Issues: Agriculture and Food Arts, Entertainment, and History

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Mr. LUCAS. Mr. Speaker, I rise today to celebrate the 100th anniversary of Farm Credit. The Farm Credit system we know today was established in 1916 under the Federal Farm Loan Act. This law aimed to increase credit to rural family farmers by focusing on providing capitol for agricultural development. This was important to our country primarily due to the fact that, at that time, families who lived and worked on farms made up the largest demographic of the country. While the demographics of our country may have changed over the past 100 years, the important role Farm Credit plays in our rural communities has not.

Farm Credit has made it a priority over the years to invest in and support the industries and individuals that are vital to the success of rural communities across the country. By supporting the future of the agriculture industry, Farm Credit helps to insure that agriculture and rural communities will continue to be a vibrant, successful and lasting part of our country.

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