Session Description

Farm Credit System Insurance Corporation (FCSIC): Protecting Investors in Agriculture and Rural America

Wednesday, November 20, 2024

1:30 p.m. to 2:45 p.m.

The Farm Credit System Insurance Corporation (FCSIC) is the independent federal government entity that insures the timely payment of principal and interest on Systemwide bonds issued on behalf of Farm Credit System banks. These Systemwide bonds provide the funds for the farmers, ranchers, and other borrowers of the Farm Credit System. FCSIC manages an Insurance Fund and collects annual insurance premiums from System institutions to maintain the Fund at required levels. As a Director of a Farm Credit institution, you should understand FCSIC’s role, structure, and authorities, and how FCSIC insurance impacts your institution. This presentation will cover these items.

Learner Outcomes:

1. Participants will gain an understanding of FCSIC’s role and authorities.
2. Participants will gain an understanding of how FCSIC insurance works and how premiums are set.
3. Participants will gain an understanding of potential risks to the Insurance Fund.