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MIAMI A
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Simple English definitions for legal terms
Farmers' Home Administration
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A quick definition of Farmers' Home Administration:
The Farmers' Home Administration (FmHA) was a government agency that helped farmers get loans to buy land and equipment. They also funded projects to improve rural areas. The agency was part of the U.S. Department of Agriculture, but it was abolished in 1994. Other agencies now do the same things that the FmHA used to do.
A more thorough explanation:
Definition: The Farmers' Home Administration (FmHA) was an agency in the U.S. Department of Agriculture that provided mortgages and insured loans to farmers. It also funded rural public-works projects. The agency was abolished in 1994, and its functions were taken over by other agencies in the Department. The abbreviation for Farmers' Home Administration is FmHA or FHA.
Example: A farmer in a rural area needed a loan to buy new equipment for his farm. He applied for a loan from the Farmers' Home Administration and was approved. The FmHA provided him with the funds he needed to purchase the equipment.
Explanation: This example illustrates how the Farmers' Home Administration provided loans to farmers to help them with their agricultural needs. The agency was created to support farmers and rural communities, and this example shows how it fulfilled that mission.