AgriBank

AgriBank Type: Co-operatives Parent organization: Farm Credit System Employees: 130 Executive: Chief Executive Officer Budget: Address: 30 7th St E, Ste 1600, St Paul, MN 55101, USA Website: https://www.agribank.com/ Creation Legislation: Wikipedia: AgriBank

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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.

Services Wholesale Lending; Financial Services; Funding Solutions

Regulations

AgriBank, part of the US Farm Credit System, serves as a wholesale lender and a farm credit bank (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 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).

AgriBank is owned by member associations, which are owned by agricultural borrowers. In 2011, it relocated its headquarters to Wells Fargo Place in downtown St. Paul, Minnesota.

Leadership includes an 17-seat board of directors and an executive team based in St. Paul. Directors serve 4-year terms.

Official Site

Mission

AgriBank aims to expertly and reliably obtain funds, providing funding and financial solutions to Farm Credit Associations. These associations, in turn, offer loans and financial services to farmers, ranchers, and rural businesses, thereby supporting the agricultural sector and rural America's economic growth.

Parent organization

AgriBank operates within the **Farm Credit System**, a national network of customer-owned lending institutions dedicated to serving the financing needs of agricultural and rural communities.

Legislation

AgriBank's creation was the result of mergers among regional Farm Credit Banks, notably the 1992 merger of the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul, but specific legislation authorizing these mergers is not detailed in the available references.

Partners

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

Number of employees

AgriBank employs approximately 130 dedicated professionals.

Organization structure

AgriBank has a structure focused on supporting its mission:

Leader

The organization is led by a **Chief Executive Officer**.

Divisions

• Credit Division for managing lending operations.
• Treasury and Finance Operations to handle funding and financial strategy.

List of programs

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

Last total enacted budget

Specific budget figures for AgriBank are not publicly available from the references provided.

Staff

AgriBank has around 130 employees, primarily based in St. Paul, Minnesota, working to support agriculture through financial services.

Funding

AgriBank's funding comes from its operations within the Farm Credit System, where it secures funds from capital markets and provides them as wholesale lending to local associations.

Services provided

AgriBank provides wholesale lending, financial services, and funding solutions to Farm Credit Associations, enabling them to offer loans, credit, and financial support to farmers, ranchers, and rural businesses. This includes credit, treasury, finance, and risk management services.

Regulations overseen

As part of the Farm Credit System, AgriBank operates under the oversight of the Farm Credit Administration but does not directly oversee regulations itself.

Headquarters address

30 7th St E, Ste 1600, St Paul, MN 55101, USA

History

AgriBank was formed through a series of mergers, with significant activity in 1992 when the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul merged. This institution has since expanded its territory to cover 15 states, focusing on providing financial services to support agriculture.

AgriBank is the product of mergers of several regional Farm Credit Banks:

• 1992 merger of the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul to form AgriBank.
• 1994 merger with the Farm Credit Bank of Louisville.
• 1994 merger of the Farm Credit Bank of Spokane and Farm Credit Bank of Omaha to form AgAmerica Farm Credit Bank.
• 2003 merger with AgAmerica Farm Credit Bank.

External links

• Official Website
• wikipedia:AgriBank
• Farm Credit System

Further reading

• Webb, Tom (February 18, 2006). "St. Paul's AgriBank empire: It's not a household name, but the St. Paul-based bank has a long reach". St. Paul Pioneer Press. http://www.twincities.com/mld/pioneerpress/13901606.htm. 

External links

• Farm Credit Administration in the Federal Register