How We're Structured

Farm Credit's cooperative structure helps fulfill the critical mission assigned to them by Congress – supporting rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow.

We are a nationwide network of 72 independent, privately-owned lending institutions in all 50 states and Puerto Rico and are cooperatively owned by our customers: farmers, ranchers, farmer-owned cooperatives and other agribusinesses, rural utilities and others in rural America. This ensures customer needs always come first and that those customers also share in their respective institution’s success.

The net income that Farm Credit institutions generate can be used in only two ways: retained within a Farm Credit institution as capital to build our financial strength that ensures reliable service or passed on to our customer-owners by way of patronage dividends, which effectively lowers the cost of borrowing. In 2016 alone, Farm Credit paid its customer-owners $1.7 billion in patronage dividends.  Over the past 10 years, Farm Credit has returned $12 billion in patronage dividends to its customers.

Our Unique Funding Model

Although we were created by Congress in 1916, Farm Credit does not receive any government funding or tax dollars. Instead, our structure reverses the traditional flow of funds out of rural areas by raising money on Wall Street and bringing it to rural communities. 

Farm Credit raises funds by selling debt securities on the nation's money markets through the Federal Farm Credit Banks Funding Corporation. Farm Credit debt is insured by the Farm Credit System Insurance Corporation, a self-funded insurance entity. With a AAA-rating, Farm Credit debt enjoys strong demand that results in competitive interest rates on loans for our customer-owners irrespective of financial conditions in the agriculture industry and rural America. 

Once the Funding Corporation issues debt securities on behalf of all Farm Credit institutions, Farm Credit's four regional wholesale banks, AgFirstAgriBankCoBank and Farm Credit Bank of Texas then fund the individual Farm Credit associations who support farmers, ranchers and rural homebuyers. In addition to funding local retail associations, CoBank also uses the proceeds from Farm Credit debt securities to make loans directly to farmer-owned cooperatives, rural infrastructure providers and other agribusinesses. 

Farm Credit Structure - From Wall Street to Rural Investors, a funding flow graph
List of Farm Credit Organizations
Farm Credit System District Territories - Map dated January 2018 showing top 4 credit associations

The Farm Credit associations that support our more than 500,000 customer-owners are divided into four districts, each with its own regional wholesale bank. The associations are listed by district below and the specific territories they serve can be viewed on this map.

AgFirst Farm Credit Bank
AgCarolina Farm Credit
AgChoice Farm Credit
AgGeorgia Farm Credit
AgSouth Farm Credit
ArborOne Farm Credit
Cape Fear Farm Credit
Carolina Farm Credit
Central Kentucky AgCredit
Colonial Farm Credit
Farm Credit of Central Florida
Farm Credit of Florida
Farm Credit of Northwest Florida
Farm Credit of the Virginias
First South Farm Credit
MidAtlantic Farm Credit
Puerto Rico Farm Credit
River Valley AgCredit
Southwest Georgia Farm Credit

AgCountry Farm Credit Services
AgHeritage Farm Credit Services
Compeer Financial
Delta Agricultural Credit Association
Farm Credit Illinois
Farm Credit Mid-America
Farm Credit Midsouth
Farm Credit Services of America
Farm Credit Services of Mandan
Farm Credit Services of North Dakota
Farm Credit Services of Western Arkansas
Farm Credit Southeast Missouri
FCS Financial
GreenStone Farm Credit Services

American AgCredit
Farm Credit East
Farm Credit of Enid
Farm Credit of New Mexico
Farm Credit of Southern Colorado
Farm Credit of Western Kansas
Farm Credit of Western Oklahoma
Farm Credit Services of Colusa-Glenn
Farm Credit Services of Hawaii
Farm Credit Services Southwest
Farm Credit West
Fresno-Madera Farm Credit
Frontier Farm Credit
Golden State Farm Credit
High Plains Farm Credit
Idaho AgCredit
Northwest Farm Credit Services
Oklahoma AgCredit
Premier Farm Credit
Western AgCredit
Yankee Farm Credit
Yosemite Farm Credit

Farm Credit Bank of Texas
Ag New Mexico Farm Credit Services
AgTexas Farm Credit Services
Alabama Ag Credit
Alabama Farm Credit
Capital Farm Credit
Central Texas Farm Credit
Heritage Land Bank
Legacy Ag Credit
Lone Star Ag Credit
Louisiana Land Bank
Mississippi Land Bank
Plains Land Bank
Southern AgCredit
Texas Farm Credit Services

Service Corporations
AgVantis, Inc.
Farm Credit Financial Partners, Inc.
Farm Credit Foundations
FCC Services
Federal Farm Credit Banks Funding Corporation


Farm Credit is regulated by the Farm Credit Administration, an independent federal financial regulatory agency. 

Farm Credit Council

The Farm Credit Council is the national trade association representing the institutions of the Farm Credit System before Congress, the Executive Branch and others. Learn more about the Farm Credit Council.