### Statutory Notes
Section, Pub. L. 92–181, title VIII, § 8.38, as added Pub. L. 104–105, title I, § 117, Feb. 10, 1996, 110 Stat. 168, related to recapitalization of Corporation.
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Stable record: federal_law:legal_authorities:record_usc_10937c65b4b22a1a2cfbc02f Source file: Laws/federal/codes/united-states-code/title-12/section-2001-repealed-pub-l-115334-title-v-5411-51-dec-20-2018-132-stat-4685--d4e7299e32.md Pages: Not recorded – Not recorded Passage SHA-256: 138fb28d46bc6a03a1050bc2b01600a17d3ae62d9f5daaf4e5b7b2dc969c4824 Retained source evidence SHA-256: efccddc8b25034cdb0ebfc8aa21ce04167fa6f45e6f7833480f72243f64865f6
Source location: Title 12, Chapter 23, § 2001; chapter-023-farm-credit-system.md
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### Statutory Notes
Section, Pub. L. 92–181, title VIII, § 8.38, as added Pub. L. 104–105, title I, § 117, Feb. 10, 1996, 110 Stat. 168, related to recapitalization of Corporation.
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Federal law — U.S. Code and appendices · legal_authorities
§ 2001. Congressional declaration of policy and
objectives
(a) It is declared to be the policy of the Con-
gress, recognizing that a prosperous, productive
agriculture is essential to a free nation and rec-
ognizing the growing need for credit in rural
areas, that the farmer-owned cooperative Farm
Credit System be designed to accomplish the ob-
jective of improving the income and well-being
of American farmers and ranchers by furnishing
sound, adequate, and constructive credit and
closely related services to them, their coopera-
tives, and to selected farm-related businesses
necessary for efficient farm operations.
(b) It is the objective of this chapter to con-
tinue to encourage farmer- and rancher-bor-
rowers participation in the management, con-
trol, and ownership of a permanent system of
credit for agriculture which will be responsive
to the credit needs of all types of agricultural
producers having a basis for credit, and to mod-
ernize and improve the authorizations and
means for furnishing such credit and credit for
housing in rural areas made available through
the institutions constituting the Farm Credit
System as herein provided.
(c) It is declared to be the policy of Congress
that the credit needs of farmers, ranchers, and
their cooperatives are best served if the institu-
tions of the Farm Credit System provide equi-
Page 1283
TITLE 12—BANKS AND BANKING
§ 2001
1 See References in Text note below.
table and competitive interest rates to eligible
borrowers, taking into consideration the credit-
worthiness and access to alternative sources of
credit for borrowers, the cost of funds, the oper-
ating costs of the institution, including the
costs of any loan loss amortization under sec-
tion 2254(b)1 of this title, the cost of servicing