Company Research Report: Farm Credit Services of America
Company Overview
- Name: Farm Credit Services of America
- Mission: Farm Credit Services of America is dedicated to providing sound and dependable credit to America’s farmers, ranchers, cooperatives, rural residents, and agribusinesses with a singular focus on supporting rural communities and agriculture.
- Founded: No information is available.
- Founders: No information is available.
- Key People:
- Mark Jensen - President and Chief Executive Officer
- Scott Coziahr - Executive Vice President – General Counsel and Corporate Secretary
- Jessica Fyre - Executive Vice President – Chief Administrative Officer
- Craig Kinnison - Executive Vice President – Chief Financial Officer
- Marc Knisely - Executive Vice President – AgCountry Business Development
- Tim Koch - Executive Vice President – Business Development
- Jackie Martinie - Executive Vice President – Chief Operations Officer
- Krista McDonald - Executive Vice President – Chief Strategy Officer
- Greg Salton - Executive Vice President – Chief Risk and Credit Officer
- Russ Wagner - Executive Vice President – Chief Information Officer
- Headquarters: Omaha, Nebraska
- Number of Employees: No information is available.
- Revenue: Farm Credit Services of America reported a net income of $799.0 million in 2023.
- Known For: Being a leading provider of credit and insurance services to farmers, ranchers, agribusinesses, and rural residents.
Products
Farm Credit Services of America offers a variety of financial products and services tailored to the agricultural industry:
Ag Loans and Leases
- Description: Financing for every aspect of farm and ranch operations, including farmland, ranchland, operating lines of credit, livestock, farm equipment, and facilities.
- Key Features: Flexible payment plans, various interest rate types, and customized loan structures to fit individual needs and cash flow.
Insurance
- Description: A full line of crop and livestock insurance products, tools, and services.
- Key Features: Tailored solutions to fit the operational needs of the customer.
Home Loans
- Description: Unique financing options for home and acreage loans, lot and construction loans, recreational land loans, and more.
- Key Features: Customizable terms and payment plans.
Equipment Financing
- Description: Options available for purchasing, leasing, and refinancing new and used agricultural equipment.
- Key Features: Flexible financing options suited to the agricultural equipment market.
Recent Developments
- New Products/Features: No specific new products were mentioned. The company focuses on financing and insurance products.
- Partnerships:
- AgCountry Farm Credit Services: Collaboration with Frontier Farm Credit and Farm Credit Services of America aimed at better serving their respective customers. Announced in December 2023.
- Activities:
- Community Involvement: Farm Credit Services of America awarded several rounds of "Working Here Fund Grants" to nonprofit organizations to support agriculture and rural communities, with 82, 186, and 136 grants awarded in Q3, Q2, and Q4 of 2024 respectively.
- Board Changes: 2024 Board Election Results saw two agricultural producers elected and a third director re-appointed to the financial cooperative’s Board of Directors.
No new product launches, features to existing products, or other specific partnerships were noted.
