a look back at fcs financial
For 100 years, FCS Financial has
been dedicated to serving farmers,
ranchers and rural communities. In
good times and bad, FCS Financial
has been there to help them succeed.
As a member-owned cooperative,
you can count on them to be there
for the next 100 years.
1916
President Wilson signed
the Federal Farm Loan
Act on July 17, 1916,
establishing what was
to become the Farm
Credit System.
1917
Laura Ingalls Wilder
supplemented her income
by working for the National
Farm Loan Association
from 1917 to 1928, issuing
loans to small farmers from
an office she set up in her
farmhouse.
1933
The Farm Credit Act of 1933
allowed the establishment
of Production Credit
Associations (PCA). The
Brookfield, Missouri, PCA was the second to form in the
U.S. and held their first meeting on October 6.
1955
1953
The Production Credit System,
within its first twenty years,
had become operationally selfsufficient.
President Eisenhower signed the
Farm Credit Act of 1953.
1971
The Jefferson City Production Credit Association board
members proudly announced a $60,000 payment to
Production Credit Corporation of St. Louis, thus paying
back the last of the government funds.
With farm debt on the rise in the 1970s, the Farm Credit
Act of 1971 broadened the banks’ and associations’
lending practices to include rural homeowners,
commercial fishermen and businesses that provided
on-the-farm services and raised the limits on land
bank loans. It also allowed the associations to provide
financial-related services.