AgriBank: Difference between revisions

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{{Organization
|OrganizationName=AgriBank
|OrganizationType=Co-operatives
|Mission=AgriBank, FCB aims to support the people who feed the world by providing reliable and consistent credit and financial services to Farm Credit Associations, which in turn support agriculture and rural communities. This mission focuses on enhancing the economic vitality of rural America.
|ParentOrganization=Farm Credit System
|TopOrganization=Department of Agriculture
|Employees=130
|OrganizationExecutive=Chief Executive Officer
|Services=Wholesale Lending; Financial Services; Funding Solutions
|HeadquartersLocation=44.94802, -93.0957
|HeadquartersAddress=30 7th St E, Ste 1600, St Paul, MN 55101, USA
|Website=https://www.agribank.com/
}}
{{Short description|American farm lending bank}}
{{Short description|American farm lending bank}}
{{Other uses}}
'''AgriBank''', part of the US [[Farm Credit System]], serves as a [[Wholesale banking|wholesale lender]] and a farm credit bank<ref name=":0">{{Cite web |title=About banks & associations {{!}} Farm Credit Administration |url=https://www.fca.gov/bank-oversight/about-banks-and-associations |access-date=2022-05-23 |website=www.fca.gov}}</ref> (FCB) to a 15-state network of local farm credit associations in a district that stretches from [[Ohio]] to [[Wyoming]] and [[Minnesota]] to [[Arkansas]]. AgriBank is the second largest of the four banks in the Farm Credit System<ref name=":0" /> and has over $150 billion in assets. Like AgFirst Farm Credit Bank and Farm Credit Bank of Texas, Agribank is organized as an FCB while CoBank, the fourth bank in the system, is organized as an agricultural credit bank (ACB).<ref name=":0" />


AgriBank is owned by member associations, which are owned by agricultural borrowers.<ref>{{Cite web |last=Kohn |first=Natalie McGarry and Donald |date=2012-11-06 |title=Farm Credit System Liquidity and Access to a Lender of Last Resort |url=https://www.brookings.edu/research/farm-credit-system-liquidity-and-access-to-a-lender-of-last-resort/ |access-date=2022-05-23 |website=Brookings |language=en-US}}</ref> In 2011, it relocated its headquarters to [[Wells Fargo Place]] in downtown [[St. Paul, Minnesota]].<ref>{{Cite web |last=Black |first=Sam |date=January 7, 2011 |title=AgriBank relocating in downtown St. Paul to Wells Fargo Place |url=https://www.bizjournals.com/twincities/print-edition/2011/01/07/agribank-relocating-in-downtown-st.html |access-date=2022-05-23 |website=www.bizjournals.com}}</ref>


Leadership includes an 17-seat [[Board of Directors|board of directors]] and an executive team based in St. Paul. Directors serve 4-year terms.
'''AgriBank''', part of the US [[Farm Credit System]], serves as a wholesale lender and a farm credit bank<ref name=":0">{{Cite web |title=About banks & associations {{!}} Farm Credit Administration |url=https://www.fca.gov/bank-oversight/about-banks-and-associations |access-date=2022-05-23 |website=www.fca.gov}}</ref> (FCB) to a 15-state network of local farm credit associations in a district that stretches from [[Ohio]] to [[Wyoming]] and [[Minnesota]] to [[Arkansas]]. AgriBank is the second largest of the four banks in the Farm Credit System<ref name=":0" /> and has over $150 billion in assets. Like AgFirst Farm Credit Bank and Farm Credit Bank of Texas, Agribank is organized as an FCB while CoBank, the fourth bank in the system, is organized as an agricultural credit bank (ACB).<ref name=":0" />


{{Organization
AgriBank is owned by member associations, which are owned by agricultural borrowers.<ref>{{Cite web |last=Kohn |first=Natalie McGarry and Donald |date=2012-11-06 |title=Farm Credit System Liquidity and Access to a Lender of Last Resort |url=https://www.brookings.edu/research/farm-credit-system-liquidity-and-access-to-a-lender-of-last-resort/ |access-date=2022-05-23 |website=Brookings |language=en-US}}</ref> In 2011, it relocated its headquarters to Wells Fargo Place in downtown St. Paul, Minnesota.<ref>{{Cite web |last=Black |first=Sam |date=January 7, 2011 |title=AgriBank relocating in downtown St. Paul to Wells Fargo Place |url=https://www.bizjournals.com/twincities/print-edition/2011/01/07/agribank-relocating-in-downtown-st.html |access-date=2022-05-23 |website=www.bizjournals.com}}</ref>
|OrganizationName= AgriBank, FCB
|OrganizationType= Co-operatives
|Mission= AgriBank, FCB aims to support the people who feed the world by providing reliable and consistent credit and financial services to Farm Credit Associations, which in turn support agriculture and rural communities. This mission focuses on enhancing the economic vitality of rural America.
|OrganizationExecutive= Chief Executive Officer
|Employees= 130
|Budget=  
|Website= https://www.agribank.com/
|Services= Wholesale Lending; Financial Services; Funding Solutions
|ParentOrganization= Farm Credit System
|CreationLegislation=
|Regulations=
|HeadquartersLocation= 44.946419, -93.097158
|HeadquartersAddress= 30 7th St E, Ste 1600, St Paul, MN 55101, USA
}}


'''AgriBank, FCB (AgriBank)''' is a part of the U.S. Farm Credit System, serving as a wholesale lender to a network of local Farm Credit Associations across 15 states. Its primary function is to obtain funds and provide financial solutions to support agriculture, rural communities, and agribusiness.
Leadership includes an 17-seat board of directors and an executive team based in St. Paul. Directors serve 4-year terms.


{{Official URL (simple)|url=https://www.agribank.com/}}
{{Official URL (simple)|url=https://www.agribank.com/}}
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==Partners==
==Partners==


AgriBank collaborates with:
AgriBank collaborates with various Farm Credit Associations across its 15-state district.
 
- Various Farm Credit Associations across its 15-state district.


==Number of employees==
==Number of employees==
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===Divisions===
===Divisions===


- **Credit Division** for managing lending operations.
* Credit Division for managing lending operations.
- **Treasury and Finance Operations** to handle funding and financial strategy.<ref>{{cite web |url=https://www.agribank.com/about/ |title=About |publisher=AgriBank |access-date=January 27, 2025}}</ref>
* Treasury and Finance Operations to handle funding and financial strategy.<ref>{{cite web |url=https://www.agribank.com/about/ |title=About |publisher=AgriBank |access-date=January 27, 2025}}</ref>


==List of programs==
==List of programs==


- **Wholesale Funding** for Farm Credit Associations.
* Wholesale Funding for Farm Credit Associations.
- **Capital Markets** for managing investments and funding.
* Capital Markets for managing investments and funding.


==Last total enacted budget==
==Last total enacted budget==