Farmers Home Administration (FmHA)

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Definition of 'Farmers Home Administration (FmHA)'

The Farmers Home Administration (FmHA) was a United States government agency that provided financial assistance to farmers and ranchers. It was created in 1933 as part of the New Deal, and was originally called the Resettlement Administration. The agency's name was changed to the Farmers Home Administration in 1946.

The FmHA provided a variety of loans and grants to farmers, including loans for land purchase, equipment, and operating expenses. The agency also provided technical assistance to farmers, and helped them to develop marketing plans and business strategies.

The FmHA was a controversial agency. Some critics argued that it was too generous to farmers, and that it was unfair to taxpayers who were not farmers. Other critics argued that the agency was not effective in helping farmers, and that it was too bureaucratic and inefficient.

The FmHA was abolished in 1994, and its functions were transferred to the United States Department of Agriculture.

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