AgFirst: Difference between revisions

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{{Infobox company
| name = AgFirst Farm Credit Bank
| logo =AgFirst logo.png
| image =AgFirst territory as of 2016-01-01.jpg
| image_alt = A map highlighting, in various colors and patterns, most of the states of Alabama, Delaware, Florida, Georgia, Maryland, Mississippi, North Carolina, Pennsylvania, South Carolina, Virginia, West Virginia, Kentucky, Louisiana, Ohio, Tennessee, as well as the District of Columbia and Puerto Rico.
| image_caption =Charter territory
| type = {{ubl|[[Bank]]|[[Government-sponsored enterprise]]}}
| traded_as =
| hq_location_city = [[Columbia, South Carolina]]
| key_people = Pat Calhoun, Acting CEO
| industry = {{ubl|[[Agribusiness]]|[[Financial services]]}}
| net_income = {{increase}} $417 million
| net_income_year = 2020
| assets = {{increase}} $36.3 billion
| assets_year = 2020
| equity = {{increase}} $2.47 billion
| equity_year = 2020
| homepage = {{Url|http://www.agfirst.com/}}
| foundation =
}}
'''AgFirst''', part of the US [[Farm Credit System]], serves as a [[Wholesale banking|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]].<ref name=":1">{{Cite book|url=https://www.fas.org/sgp/crs/misc/RS21278.pdf|title=Farm Credit System|last=Monke|first=Jim|date=May 17, 2016|publisher=[[Congressional Research Service]]}}</ref><ref name=":0">{{Cite web|url=http://apps.fca.gov/FCSPublicDirectory/PubViewInst.aspx?u=620000|title=View FCS Institution Directory: AgFirst Farm Credit Bank|publisher=[[Farm Credit Administration]]|access-date=2016-09-25}}</ref> It was formed in 1995 by the merger of the Farm Credit Bank of Baltimore and the Farm Credit Bank of Columbia.<ref>{{Cite news|url=https://www.baltimoresun.com/1995/02/02/farm-credit-bank-merger-gets-shareholders-ok/|title=Farm Credit Bank merger gets shareholders' OK|last=Shelsby|first=Ted|date=February 2, 1995|work=[[The Baltimore Sun]]|access-date=2016-09-25}}</ref> The lender is cooperatively owned by 16 local associations.<ref name="FCA">{{cite web |title=View Institutions by District |url=https://apps.fca.gov/FCSPublicDirectory/PubViewInstitutionsBySysDist.aspx |website=FCA |access-date=August 3, 2023}}</ref> 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.<ref>{{Cite book |last=House Committee on Agriculture |first=United States Congress |title=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 |date=2001 |publisher=U.S. Government Printing Office |isbn=978-0-16-066027-6 |location=Washington, D.C. |pages=310 |language=en}}</ref>   
'''AgFirst''', part of the US [[Farm Credit System]], serves as a [[Wholesale banking|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]].<ref name=":1">{{Cite book|url=https://www.fas.org/sgp/crs/misc/RS21278.pdf|title=Farm Credit System|last=Monke|first=Jim|date=May 17, 2016|publisher=[[Congressional Research Service]]}}</ref><ref name=":0">{{Cite web|url=http://apps.fca.gov/FCSPublicDirectory/PubViewInst.aspx?u=620000|title=View FCS Institution Directory: AgFirst Farm Credit Bank|publisher=[[Farm Credit Administration]]|access-date=2016-09-25}}</ref> It was formed in 1995 by the merger of the Farm Credit Bank of Baltimore and the Farm Credit Bank of Columbia.<ref>{{Cite news|url=https://www.baltimoresun.com/1995/02/02/farm-credit-bank-merger-gets-shareholders-ok/|title=Farm Credit Bank merger gets shareholders' OK|last=Shelsby|first=Ted|date=February 2, 1995|work=[[The Baltimore Sun]]|access-date=2016-09-25}}</ref> The lender is cooperatively owned by 16 local associations.<ref name="FCA">{{cite web |title=View Institutions by District |url=https://apps.fca.gov/FCSPublicDirectory/PubViewInstitutionsBySysDist.aspx |website=FCA |access-date=August 3, 2023}}</ref> 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.<ref>{{Cite book |last=House Committee on Agriculture |first=United States Congress |title=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 |date=2001 |publisher=U.S. Government Printing Office |isbn=978-0-16-066027-6 |location=Washington, D.C. |pages=310 |language=en}}</ref>   


Revision as of 21:43, 27 January 2025

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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