Sierra-Bay, FLCA and Sierra-Bay Federal Land Bank Association, PCA changed their names to AgCredit of California, FLCA and AgCredit of California, PCA, respectively, effective January 1, 2000.
Pacific Coast Farm Credit, ACA consolidated with Central Valley, PCA. The name of the parent company was changed to American AgCredit, ACA effective June 20, 2000.
The Agricultural Credit Act of 1987 authorized up to $4 billion in financial assistance for financially vulnerable Farm Credit institutions. This included mandated consolidation of 36 district banks into 12 single entities.
Modesto, PCA and Merced, PCA merged to form Central Valley, PCA, effective May 1, 1987.
Federal Land Bank Association of Stockton changed its title to Sierra-Bay Federal Land Bank Association, effective January 2, 1987.
Federal Land Bank Association (FLBA) of Ukiah and FLBA of Eureka merged into FLBA of Santa Rosa.
North Coast FLBA was established from FLBA of Santa Rosa, effective August 1, 1986.
North Bay Production Credit Association, PCA, merged with Redwood Empire, PCA, to become North Coast, PCA.
Sierra/Nevada PCA was established on December 1, 1986.
The Farm Credit Act of 1933 allowed Farm Credit cooperative lending institutions to provide short-, intermediate-, and long-term loans for agricultural purposes. At the same time, an executive order by President Franklin D. Roosevelt placed all existing agricultural credit organizations under the supervision of a new agency, the Farm Credit Administration (FCA), and created 12 Production Credit Associations (PCAs) and 12 Banks for Cooperatives (BCs) alongside the 12 established Federal Land Banks (FLBs), as well as a Central Bank for Cooperatives. Policy was developed through the FCA via a Federal Farm Credit Board with 13 members (one from each of the 12 Farm Credit districts and one appointed by the Secretary of Agriculture) to develop policy. Farmer-borrowers now had a voice at the national level.
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