ELI5: Explain Like I'm 5

Farm Credit System

Farm credit is a way to give money to farmers so they can buy things they need to run their farm. Farmers can use this money to buy supplies, rent land, build buildings and buy new equipment. The money usually comes from banks or government-sponsored lenders. Farmers can then pay the money back to their lender over time, with payments that are based on their income from the farm. This helps farmers because they don’t have to save up and come up with all the money for their expenses at once.
Related topics others have asked about: