Offering Circulars should be read in conjunction with the most recent
Annual Information Statement and the most recent
Quarterly Information Statement, and certain Press Releases if any, that relate to the financial results or other developments affecting the Farm Credit System issued by the Funding Corporation since the publication of the most recent Annual or Quarterly Information Statement. Investors should rely only on the information incorporated by reference or provided in an Offering Circular, any supplement to an Offering Circular, and the applicable Offering Announcement or Term Sheet for a particular issue of Farm Credit Debt Securities. The Funding Corporation has not authorized anyone else to provide investors with different information.