Government

What does the do?

Updates published annually

The Farm Credit Administration (FCA) is an independent agency responsible for regulating and overseeing the Farm Credit System, a network of borrower-owned financial institutions that provide credit to farmers, ranchers, agricultural cooperatives, and rural utility cooperatives. The FCA ensures that these institutions operate safely and effectively by conducting regular audits to evaluate their financial health, risk management practices, and adherence to regulations. It also provides oversight for Farmer Mac, ensuring dependable sources of credit and related services for agriculture and rural America. The FCA was established in 1933.

In FY 2024,

-$828M

in net spending was recorded by the Farm Credit Administration

How much does the Farm Credit Administration spend?

The Farm Credit Administration spent -$827.5 million in fiscal year (FY) 2024. The department ranked 138th among federal agencies in total spending.

The Farm Credit Administration accounted for <0.1% of all federal spending in FY 2024.

Share of FCA net spending compared to the top ten highest spending agencies in FY 2024

Federal spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Farm Credit Administration’s federal spending has decreased from -$3.91 million in 1980 to -$827.5 million in 2024.

The Farm Credit Administration’s federal spending in FY 2024 was lower than in FY 1980.

Yearly federal net spending by FCA, adjusted for inflation (2024 dollars), FYs 1980–2024

Since 1980, the Farm Credit Administration's net spending has decreased by $823.6 million, while overall federal spending has increased from $2.31 trillion (in current year dollars) to $6.78 trillion, or 193.7%.
As a percentage of the overall federal budget, a positive figure means agency net spending made up some positive portion of total spending; a negative number means that generated revenue offset a portion of spending. In 2024, Farm Credit Administration offset 0.012% of all federal spending.
Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The Farm Credit Administration offset 0.012% of overall federal spending in FY 2024.

Percentage of federal budget dedicated to FCA, FYs 1980–2024

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, all of the Farm Credit Administration's spending was direct.
The chart below outlines all net FCA spending.

How did the Farm Credit Administration spend its budget in 2024?

Federal government net spending isolated to FCA, FY 2024

Who leads the Farm Credit Administration?

The FCA is overseen by a board of directors. Board members are nominated by the president and confirmed by the Senate to serve six-year terms. The president selects one member as the chairman, who also serves as the FCA’s chief executive officer.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.

  • Office of Personnel Management

    FedScope

  • Office of Management and Budget and US Department of the Treasury

    Budget of the US Government and Monthly Treasury Statement

    Office of Management and Budget and US Department of the Treasury logo