FCC was established on November 12 1936, 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 the magazine ''
Maclean's''. 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. ==Structure and functions==