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AgFirst Farm Credit Bank
Company type
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Headquarters
Key people
Pat Calhoun, Acting CEO
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Total equityIncrease $2.47 billion (2020)
Number of employees
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Websiteagfirst.com

AgFirst, part of the US Farm Credit System, serves as a wholesale lender and business-service provider to a network of local farm credit associations in 15 southern and eastern states, Washington, D.C., and Puerto Rico.[1][2] It was formed in 1995 by the merger of the Farm Credit Bank of Baltimore and the Farm Credit Bank of Columbia.[3] The lender is cooperatively owned by 16 local associations.[4] These associations, operating as Farm Credit and Ag Credit associations, provide real estate and production financing to about 80,000 farmers, agribusinesses, and rural homeowners.[5]

AgFirst is headquartered in Columbia, South Carolina in the former Bank of America Plaza.[6]

References

  1. Monke, Jim (May 17, 2016). Farm Credit System. Congressional Research Service. https://www.fas.org/sgp/crs/misc/RS21278.pdf. 
  2. "View FCS Institution Directory: AgFirst Farm Credit Bank". Farm Credit Administration. http://apps.fca.gov/FCSPublicDirectory/PubViewInst.aspx?u=620000. 
  3. Shelsby, Ted (February 2, 1995). "Farm Credit Bank merger gets shareholders' OK". The Baltimore Sun. https://www.baltimoresun.com/1995/02/02/farm-credit-bank-merger-gets-shareholders-ok/. 
  4. "View Institutions by District". https://apps.fca.gov/FCSPublicDirectory/PubViewInstitutionsBySysDist.aspx. 
  5. House Committee on Agriculture, United States Congress (2001) (in en). Formulation of the 2002 Farm Bill: Hearings Before the Committee on Agriculture and Its Subcommittees, House of Representatives, One Hundred Seventh Congress, First Session, May, June, July, 2001. Washington, D.C.: U.S. Government Printing Office. pp. 310. ISBN 978-0-16-066027-6. 
  6. FCA (1995) (in en). Annual Report on the Financial Condition and Performance of the Farm Credit System. The Administration. pp. 26. 

External links

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