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TeachMeFinance.com - explain Farm Credit System Assistance Board Farm Credit System Assistance Board The term 'Farm Credit System Assistance Board ' as it applies to the area of agriculture can be defined as ' A temporary board created by the Agricultural Credit Act of 1987 and responsible for approving Farm Credit System lender requests for federal financial assistance. Members of the Board consisted of the Secretary of Agriculture, Secretary of Treasury (or their appointees), and an agricultural producer with financial experience'. Previous 5 Terms: Farm bill Farm Credit Act of 1971 Farm Credit Administration (FCA) Farm Credit Banks Farm Credit System (FCS) Next 5 Terms: Farm Credit System Insurance Corporation (FCSIC) Farm equity Farm income Farm income and balance sheet Farm inputs About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.