AgStar Financial Services
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AgStar Financial Services (AgStar) is an Agricultural Credit Association (ACA) within the U.S. Farm Credit System, providing financial services to farmers, agribusinesses, and rural residents in Minnesota and northwest Wisconsin. It offers products like agricultural loans, leases, crop insurance, and consulting services to support rural and agricultural economies.
Mission
AgStar Financial Services is dedicated to offering a wide array of financial services tailored to the needs of agricultural and rural clients. By focusing on practical solutions, AgStar aims to enhance the economic vitality of rural America, providing support for both conventional farming and emerging agricultural technologies.[1]
Parent organization
AgStar operates as part of the Farm Credit System, which is a customer-owned network focused on delivering credit and financial services to agriculture and rural areas.[2]
Legislation
AgStar was not created by specific legislation but rather through the cooperative structure of the Farm Credit System, which has its legislative roots in the various Farm Credit Acts.
Partners
AgriBank Farm Credit Bank acts as a wholesale lender for AgStar.[3]
Number of employees
AgStar Financial Services employs more than 550 full-time team members.[4]
Organization structure
AgStar's structure includes:
Leader
The organization is led by a President and CEO.[5]
Divisions
- Loan and Leases Division for managing credit products.
- Insurance Division for crop and life insurance services.
- Consulting Services for providing financial and business advice.[6]
List of programs
- Agricultural Lending for farm operations
- Rural Home Mortgages for rural housing needs
- Crop Insurance to mitigate agricultural risks
Last total enacted budget
Public details on AgStar's specific budget are not available in the references provided.
Staff
AgStar has over 550 full-time employees dedicated to serving the agricultural and rural sectors of Minnesota and northwest Wisconsin.[7]
Funding
As part of the Farm Credit System, AgStar's funding comes from its operations and through AgriBank, which provides wholesale funding to support AgStar's lending activities.
Services provided
AgStar provides agricultural loans, leases, crop insurance, life insurance, and home mortgages. They also offer consulting services, appraisals, money market accounts, and online banking, all tailored to the unique needs of rural clients and agricultural businesses.[8]
Regulations overseen
AgStar, being part of the Farm Credit System, operates under the regulatory oversight of the Farm Credit Administration but does not directly oversee any regulations.
Headquarters address
1921 Premier Dr, Mankato, MN 56001, USA
History
AgStar Financial Services was one of the larger Farm Credit associations in the nation, serving 69 counties in Minnesota and northwest Wisconsin. In 2017, AgStar merged with Farm Credit Services and Badgerland Financial to form Compeer Financial, which now continues its operations.[9]
External links
References
- ↑ "AgStar - Wikipedia". Wikipedia. https://en.wikipedia.org/wiki/AgStar_Financial_Services.
- ↑ "Farm Credit System". Farm Credit System. https://www.farmcredit.com/.
- ↑ "AgriBank". AgriBank. https://www.agribank.com/.
- ↑ "AgStar Financial Services ACA". The Org. https://www.theorg.com/org/agstar-financial-services-aca.
- ↑ "AgStar Financial Services ACA". LinkedIn. https://www.linkedin.com/company/agstar-financial-services-aca.
- ↑ "AgStar Financial Services ACA". The Org. https://www.theorg.com/org/agstar-financial-services-aca.
- ↑ "AgStar Financial Services ACA". The Org. https://www.theorg.com/org/agstar-financial-services-aca.
- ↑ "AgStar - Wikipedia". Wikipedia. https://en.wikipedia.org/wiki/AgStar_Financial_Services.
- ↑ "AgStar - Wikipedia". Wikipedia. https://en.wikipedia.org/wiki/AgStar_Financial_Services.