Northwest Farm Credit Services

Northwest Farm Credit Services
Type: Co-operatives
Parent organization: Farm Credit System
Employees:
Executive: President and CEO
Budget:
Address: 2001 S Flint Rd, Spokane, WA 99224, USA
Website:
Creation Legislation:
Wikipedia: Northwest Farm Credit ServicesWikipedia Logo.png
Northwest Farm Credit Services
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Mission
Northwest Farm Credit Services aims to provide financial solutions to farmers, ranchers, and rural residents in the Northwest by offering reliable and consistent credit services. The organization's goal is to support the growth and sustainability of agriculture and rural communities through tailored financial products.
Services

Agricultural Loans; Real Estate Loans; Leasing; Crop Insurance

Regulations

Northwest Farm Credit Services (NW FCS) is an agricultural credit association within the Farm Credit System, providing financial services to farmers, ranchers, agribusinesses, and rural communities in Idaho, Montana, Oregon, Washington, and Alaska. It focuses on delivering loans, insurance, and leasing services to support the agricultural sector.

Official Site

Mission

Northwest Farm Credit Services is committed to the sustainable development of agriculture and rural America by offering financial solutions that are both innovative and accessible. Their mission includes fostering economic vitality in rural areas through responsible lending practices that cater to the unique needs of the agricultural community[1].

Parent organization

Northwest Farm Credit Services is a part of the Farm Credit System, which is a nationwide network of borrower-owned cooperatives providing credit and financial services to agriculture and rural residents. The Farm Credit System supports various programs including loans for land, equipment, and operations in rural communities[2].

Legislation

The Farm Credit System, under which Northwest Farm Credit Services operates, was established by the Farm Credit Act of 1971, with subsequent amendments. No specific legislation directly created Northwest Farm Credit Services, but it operates under the broader legislative framework of the Farm Credit System.

Partners

AgWest Farm Credit, formed from the merger of Northwest Farm Credit Services and Farm Credit West[3].

Number of employees

Employee numbers for Northwest Farm Credit Services are not explicitly stated in the references, as it has merged into AgWest Farm Credit.

Organization structure

Before the merger, the structure of Northwest Farm Credit Services would include:

Leader

The leadership role was held by a President and CEO.

Divisions

  • - Agricultural Lending for farm and ranch financing.
  • - Real Estate Division for rural home loans and land financing.
  • - Insurance and Leasing Services for additional financial support.

List of programs

  • - Agricultural Loans for farming operations.
  • - Real Estate Loans for purchasing or improving agricultural properties.
  • - Leasing Programs for equipment.
  • - Crop Insurance to mitigate risks.

Last total enacted budget

Specific budget details for Northwest Farm Credit Services are not available post-merger into AgWest Farm Credit.

Staff

Details on staff numbers before the merger are not specified in the references provided.

Funding

Northwest Farm Credit Services, now part of AgWest Farm Credit, is funded through operations within the Farm Credit System, involving wholesale funding from Farm Credit Banks[4].

Services provided

Northwest Farm Credit Services provided loans, real estate financing, leasing options, and crop insurance to support farmers, ranchers, and rural homeowners, aiming to promote the economic health of rural areas in the Northwest[5].

Regulations overseen

As part of the Farm Credit System, Northwest Farm Credit Services operated under the regulatory oversight of the Farm Credit Administration but did not directly oversee regulations.

Headquarters address

2001 S Flint Rd, Spokane, WA 99224, USA

History

Northwest Farm Credit Services was a key player in supporting the agricultural sector in the Northwest until its merger with Farm Credit West in January 2023 to form AgWest Farm Credit. Originally, it was part of a network designed to provide stable financial support to agriculture, established under the Farm Credit System[6].

External links

References