The Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA) works to improve foreign market access for U.S. products, build new markets, improve the competitive position of U.S. agriculture in the global marketplace, and provide food aid and technical assistance to foreign countries.
FAS has the primary responsibility for USDA’s international activities—market development, trade agreements and negotiations, and the collection and analysis of statistics and market information. It also administers USDA’s export credit guarantee and food aid programs, and helps increase income and food availability in developing nations by mobilizing expertise for agriculturally led economic growth.
Sean Carmody, United States Department of Agriculture (USDA), Agricultural Project Coordinator in Armenia/Georgia and Frederic Johnston, Office of Capacity Building and Development, Foreign Agricultural Services, USDA has contributed much to the development and successes of Farm Credit Armenia. For more information you may visit http://usda.gov.
U.S. Farm Credit System
"Farm Credit Armenia" cooperates with Farm Credit System within the framework of technical assistance the latter provides in the form of trainings and refreshment courses for FCA staff in US FCS.
"Farm Credit Armenia" has got excellent relationships with Farm Credit System Mid Atlantic, Virginia associations and CoBank, AgFirst banks.
Farm Credit System is a nationwide network of borrower-owned financial institutions and specialized service organizations in the U.S. Farm Credit consists of five Farm Credit Banks that provide funding and affiliated services to approximately 100 locally owned Farm Credit associations and numerous cooperatives nationwide.
Farm Credit provides credit and related services to farmers, ranchers, producers and harvesters of aquatic products, rural homeowners, certain farm-related businesses, agricultural and aquatic cooperatives, rural utilities, and to certain foreign or domestic entities in connection with international agricultural credit transactions.
Today, Farm Credit institutions are organized as cooperative businesses, each owned by its member-borrower stockholders who have the right to participate in director elections and vote on issues affecting the institution's operations.
"Farm Credit Armenia" cooperates with Farm Credit System within the framework of technical assistance the latter provides in the form of FCA Human Capital development through organizing trainings at US FCA.
In April 2008 "Farm Credit Armenia" hosted a group of visitors from the U.S. Farm Credit Administration, among them were Nancy Pellett, the former Chairman and CEO of Farm Credit Administration. Ms. Pellett had meetings with the highest authority officials of the Ministry of Agriculture and the Central Bank of Armenia. She also gave speeches at Finance Banking Collage and the Central Bank of Armenia.
"Farm Credit Armenia" CEO and the board members met with Leland A. Strom the Chairman of the Board and CEO of the Farm Credit Administration at his office in McLean, Virginia in 2008.
The Farm Credit Administration is an independent Federal agency that regulates and examines the banks, associations, and related entities of the Farm Credit System (FCS), including the Federal Agricultural Mortgage Corporation (Farmer Mac).
FCA headquarter is located in McLean, Virginia. FCA also has field offices in Bloomington, Minnesota; Dallas, Texas; Denver, Colorado; and Sacramento, California.
"Farm Credit Armenia" cooperates with MCA-Armenia in the framework of Water to Market component of Irrigation Project, one sub-activity of which is increasing the availability of longer-term credits to Water-to-Market project beneficiaries. "Farm Credit Armenia" UCO CC successfully participated at the first and second stages of the credit program and received award certificate from MCA-Armenia. Millennium Challenge Account-Armenia (MCA-Armenia), a State Non Commercial Organization established by the Government of Armenia, is responsible for overseeing the transparent implementation of the Contract signed between the Millennium Challenge Corporation (MCC) and the Government of Armenia. For more information you may visit http://mca.am.
World Bank
“Farm Credit Armenia” collaborates with the World Bank within the framework of World Bank’s Access to SME lending program and is the only credit organization contracted by this facility in September of 2010. The program is managed by German-Armenian Fund (GAF) Program Management Unit. The World Bank is a vital source of financial and technical assistance to developing countries around the world. Its mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors. The World Bank, established in 1944, is headquartered in Washington, D.C. and has more than 10,000 employees in more than 100 offices worldwide. For more information you may visit http://www.worldbank.org; http://gaf.am
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Last updated
2009-10-01 14:59
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