History and Governance
FCC was established in 1959, under the Farm Credit Act, at that time solely to provide loans to farmers. It succeeded the Canadian Farm Loan Board, which had been in operation since 1929.
On April 2, 1993, Parliament passed the Farm Credit Corporation Act which then allowed the organization to expand beyond straightforward farm loans – to finance on-farm diversification projects and value-added agricultural operations beyond the "farm gate". In June 2001, the Farm Credit Canada Act changed FCC's name to Farm Credit Canada or Financement agricole Canada (FAC) in French.
In October 2008, Farm Credit Canada was named one of Canada's Top 100 Employers by Mediacorp Canada Inc, and was featured in Maclean's newsmagazine. Later that month, Farm Credit Canada was named one of Saskatchewan's Top Employers, which was announced by the Saskatoon StarPhoenix and Regina Leader-Post newspapers.
In December 2008, Farm Credit Canada was named one of Report on Business Magazine's Top 50 Employers in Canada featured in The Globe and Mail newspaper.
Read more about this topic: Farm Credit Canada
Famous quotes containing the words history and/or governance:
“Tell me of the height of the mountains of the moon, or of the diameter of space, and I may believe you, but of the secret history of the Almighty, and I shall pronounce thee mad.”
—Henry David Thoreau (1817–1862)
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)