AgFirst Farm Credit Bank
Type
Industry
Headquarters
Columbia, South Carolina
Key people
Leon (Tim) Amerson, CEO
Increase $417 million (2020)
Total assetsIncrease $36.3 billion (2020)
Total equityIncrease $2.47 billion (2020)
Websitewww.agfirst.com

AgFirst, part of the US Farm Credit System, serves as a wholesale lender and business-service provider to a network of local farm credit associations in 15 southern and eastern states, Washington, D.C., and Puerto Rico.[1][2] It was formed in 1995 by the merger of the Farm Credit Bank of Baltimore and the Farm Credit Bank of Columbia.[3] The lender is cooperatively owned by 16 local associations.[4] These associations, operating as Farm Credit and Ag Credit associations, provide real estate and production financing to about 80,000 farmers, agribusinesses, and rural homeowners.[5]

AgFirst is headquartered in Columbia, South Carolina in the former Bank of America Plaza.[6]

References

  1. ↑ Monke, Jim (May 17, 2016). Farm Credit System (PDF). Congressional Research Service.
  2. ↑ "View FCS Institution Directory: AgFirst Farm Credit Bank". Farm Credit Administration. Retrieved 2016-09-25.
  3. ↑ Shelsby, Ted (February 2, 1995). "Farm Credit Bank merger gets shareholders' OK". The Baltimore Sun. Retrieved 2016-09-25.
  4. ↑ "View Institutions by District". FCA. Retrieved August 3, 2023.
  5. ↑ House Committee on Agriculture, United States Congress (2001). Formulation of the 2002 Farm Bill: Hearings Before the Committee on Agriculture and Its Subcommittees, House of Representatives, One Hundred Seventh Congress, First Session, May, June, July, 2001. Washington, D.C.: U.S. Government Printing Office. p. 310. ISBN 978-0-16-066027-6.
  6. ↑ FCA (1995). Annual Report on the Financial Condition and Performance of the Farm Credit System. The Administration. p. 26.
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