agricultural supply
Defined in 1 place of the United States Code.
Definition of agricultural supply.—In this subsection, the term "agricultural supply" includes—
(A) a farm supply; and
(B) (i) agriculture-related processing equipment;
(ii) agriculture-related machinery; and
(iii) other capital goods related to the storage or handling of agricultural commodities or products.
Loans, commitments, and assistance authorized by subsection (b) of this section shall be extended in accordance with policies adopted by the board of directors of the bank under regulations of the Farm Credit Administration.
The regulations of the Farm Credit Administration implementing subsection (b) of this section and other provisions of this subchapter relating to the authority under subsection (b) of this section may not confer upon the banks for cooperatives powers and authorities greater than those specified in this subchapter. The Farm Credit Administration shall, during the formulation of such regulations, closely consult on a continuing basis with the Board of Governors of the Federal Reserve System to insure that such regulations conform to national banking policies, objectives, and limitations.
Notwithstanding any other provision of this subchapter, the banks for cooperatives shall not make or participate in loans or commitments for the purpose of financing speculative futures transactions by eligible borrowers in foreign currencies.
The banks for cooperatives may, for the purpose of installing, maintaining, expanding, improving, or operating water and waste disposal facilities in rural areas, make and participate in loans and commitments and extending other technical and financial assistance to—
Source
- 2002–201912 U.S.C. § 2128Banks and Banking · Loans, commitments, and technical and financial assistance · in this section
In this subsection, the term “agricultural supply” includes—
(A) a farm supply; and
(B)
(i) agriculture-related processing equipment;
(ii) agriculture-related machinery; and
(iii) other capital goods related to the storage or handling of agricultural commodities or products.
Source
- 2013–present12 U.S.C. § 2128Banks and Banking · Loans, commitments, and technical and financial assistance · in this section