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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.
