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AMERICAN AGCREDIT

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Address

P.O. Box 1120
Santa Rosa
CA, 95402
United States
Phone
800-800-4865
Fax
Primary
Alex Klein

You cannot have a successful business relationship with someone unless you share a common passion. Just like you, our passion is farming, ranching and agriculture, it's what we kn

American AgCredit


Founded in 1916, American AgCredit provides lending and other financial services to farmers, ranchers, agribusinesses and rural homeowners throughout California, Colorado, Kansas, northern New Mexico, Nevada and northern Oklahoma as well as to capital markets customers in 30 states across the nation. Financial services include production and mortgage financing, equipment and vehicle leasing, lines of credit, and the Young, Beginning and Small farmer program. In addition, the Association provides interest free loans for qualifying 4 and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture. As part of the member-owned Farm Credit System, American AgCredit is the 6th largest farm Credit Association in the U.S.

 For more information about American AgCredit's financial services, call 800-800-4865 or visit www.agloan.com

FINANCING ~ LEASING ~ APPRAISAL ~ CROP INSURANCE


Services


Loans / Financing
At American AgCredit, we've been making loans to agriculture for more than 90 years. We offer a variety of Long-Term, Intermediate-Term and Short-Term Loans. Long-Term loans include fixed-rate, adjustable and variable-rate mortgage loans with options tailored to your specific needs. Our intermediate-term loans with maturities of up to 10 years can be used to free up your capital, and our short-term financing is available in the form of budgeted loans or revolving lines of credit with maturities of one to four years.

Crop Insurance

AgDirect (leasing)

Leasing

Insurance

Appraisal Services

From the Vineyard: It's All About The Grapes
From the Vineyard: It's All About The Grapes
90-second clip featuring vineyard grower, Mark Sanchietti, owner of Sanchietti Farming, and his vineyard. Shot for PBS, 2011.
GENERATIONS: Sangiacomo Ranch
GENERATIONS: Sangiacomo Ranch
The story of the Sangiacomo Family is the story of American AgCredit. We provide Money for Agriculture, and have been helping the Sangiacomo family since they changed their fields from pear orchards to grapes more than 30 years ago. For more information, go to AgLoan.com
Crop Insurance: Saving the Vineyard
Crop Insurance: Saving the Vineyard
American AgCredit provides vital crop insurance for all types of agricultural businesses, including vineyards, nuts, stone fruit, and many other row crops. Steve & Ned Hill.
American AgCredit GENERATIONS: Bergkamp Farm
American AgCredit GENERATIONS: Bergkamp Farm
The story of the Bergkamp Family is the story of American AgCredit. We provide Money for Agriculture, and have been helping the Bergkamp family since they bought their first piece of ground in 1973. For more information, go to AgLoan.com
American AgCredit GENERATIONS: Branstetter Ranch
American AgCredit GENERATIONS: Branstetter Ranch
The story of the Branstetter Family is the story of American AgCredit. We provide Money for Agriculture, and have been helping the Branstetter family since their first loan with us in 1963. For more information, go to AgLoan.com/generations.
American AgCredit GENERATIONS: Longstreth Farm
American AgCredit GENERATIONS: Longstreth Farm
The Longstreth Family farms about 4500 acres of cherries, walnuts and almonds. We've been there for their farm and their family since the 1960s and now help with their entire operation. American AgCredit provides financial services for all kinds of agriculture. For more information, go to AgLoan.com/generations.
AG EDUCATION SERIES FROM THE DAIRY CHEESE FROM SCR
AG EDUCATION SERIES FROM THE DAIRY CHEESE FROM SCR
From the Dairy: Cheese from Scratch
FROM THE RANCH: The Buzz on Wool
FROM THE RANCH: The Buzz on Wool
90-second clip featuring sheep rancher/woolgrower, Joe Pozzi, and his ranch. Shot for PBS, 2011.

News Archive


Crop Insurance Deadline Nov. 20 - Oregon, Washington
13 November, 2015

Because the crop insurance program is federally subsidized and the parameters are set by the United States Department of Agriculture, the difference between agents lie in service and expertise.

American AgCredit’s agents meet with clients face to face and customize the policy to the individual’s farming and risk tolerance preferences. The premiums are based on farming operations, grape prices, and historical production. “An average production level is established based on the past four to ten years of data,” explains Carvajal. “When a new customer comes on board, if your crop suffered from the frost in 2008, we can opt to only use data from 2009 forward for that new policy.”

Crop Insurance Deadlines

  • Oregon & Washignton, November 20, 2015
  • California, January 31, 2016

Call for more information 800-800-4865

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Managing Risk with Crop Insurance
13 January, 2015

The economic stability of the U.S. agriculture as a whole as well as the individual vineyard and grower is promoted through the system of crop insurance by the USDA Risk Management Agency . It’s a federally subsidized safety net and risk management tool that protects against natural disaster and crop failure.

“It’s mother nature insurance,” explains Fred Carvajal of American AgCredit, “one or a combination of perils during the year, too hot, too cold, or wildlife that cause damage or loss can trigger the insurance.”

The crop insurance deadline for the 2015 grape harvest is January 31, and based on Carvajal’s 12 years of experience with crop insurance policies, the most common misconception is that crop insurance is too expensive.

“It’s a very good investment and easily pays off in those bad years,” agrees Steve Hill, Parmelee-Hill Vineyards. “One of our worst years we ever had was 2008, and it was caused by a frost early in the spring.”

Because the crop insurance program is federally subsidized and the parameters are set by the United States Department of Agriculture, the difference between agents lie in service and expertise.

American AgCredit’s agents meet with clients face to face and customize the policy to the individual’s farming and risk tolerance preferences. The premiums are based on farming operations, grape prices, and historical production. “An average production level is established based on the past four to ten years of data,” explains Carvajal. “When a new customer comes on board, if your crop suffered from the frost in 2008, we can opt to only use data from 2009 forward for that new policy.”

One bad failed crop not only lowers the production average, but without insurance, it is a capital loss that a business can never recover.

An experienced agent will guide the grower through the multiple kinds of crop insurance that cover different types of perils and ranges of loss. “It’s about crop insurance,” says Carvajal, “but it’s also about relationships in the community. Most of my clients have been with me for over ten years, and most new business is referral based.”

“American AgCredit has been fantastic to myself personally and to our family through all aspects of our business.” says Ned Hill, La Prenda Vineyard Management, whose been a crop insurance client for 13 years. “I tell people to get crop insurance based on our own experiences.”

For more information about crop insurance, contact American AgCredit.

Send Me Info


The 2014 Farm Bill: What it Means for Agriculture
09 July, 2014

As the premier provider of financial services to agriculture and agribusiness, American AgCredit has been an important partner for area farmers and ranchers, wineries, vineyards, dairies and others. With this in mind, the Santa Rosa-based Farm Credit Association carefully watched and monitored the passing of the Agricultural Act of 2014, which was o cially signed by Congress on February 7, 2014.

The 2014 Farm Bill makes major changes in commodity programs, adds new crop insurance options, streamlines conservation programs, and expands programs for specialty crops, organic farmers, bioenergy, rural development, and beginning farmers and ranchers. Here are some Farm Bill highlights:

Farm Safety Net:Eliminates direct payments and continues crop insurance. Producers choose between the Price Loss Coverage and Agricultural Risk Coverage. It establishes the Dairy Margin Protection program, restores livestock disaster assistance for losses dating back to 2011, and establishes a permanent livestock disaster program.

Rural Development: Continues USDA Rural Development programs, provides $15 million to support rural business development and growth, provides $150 million for water and waste water infrastructure, and reserves 10% of certain programs for regional, long-term investments.

Trade and Foreign Agriculture: The 2014 Farm Bill maintains $200 million annually for international market development, authorizes up to $80 million for longrange planning and increases exibility for assistance in emergency food aid situations.

Research: Endows $200 million for a foundation for agricultural research and doubles the funding for specialty crop research to $80 million annually.

Renewable Energy and Energy Efficiency: Reauthorizes and provides $880 million for energy programs, expands the Biore nery Assistance Program to include biobased product and renewable chemical manufacturing, and expands the Biopreferred program to include forestry products.

Forestry: Makes Stewardship Contracting Authority permanent, allowing the Forest Service to conduct restoration work and stimulate job growth, and makes the Good Neighbor Authority permanent and available nationwide.

Nutrition: Through its SNAP program, the 2014 Farm Bill provides $100 million to increase fruit and vegetable purchases, provides $250 million in additional funding for emergency food assistance, and authorizes $125 million for the Healthy Food Financing Initiative to make nutritious food more accessible.

Next Generation Farmers and Ranchers: Before the 2014 Farm Bill, the 2008 Farm Bill established the Beginning Farmers and Ranchers Development Program with $75 million for 2009 to 2012. e 2014 Farm Bill now provides $100 million for the Beginning Farmers and Ranchers Development Program, increases access to capital, and supports crop insurance along with other risk management tools including reducing crop insurance premiums during the rst 5 years of farming.

Local and Regional Food Systems: Before the 2014 Farm Bill, the Farmers Market Promotion Program (FMPP) was funded at $10 million annually. The 2014 Farm Bill provides $30 million annually for the “Farmers Market and Local Food Promotion Program”. Funds are also reserved for locallyand regionally focused businesses.

Specialty Crops and Organics: Before the 2014 Farm Bill, the 2008 Farm Bill funded the Specialty Crop Block Grant Program (SCBG) at $52 million annually to promote fruit and vegetable production. The 2008 Farm Bill also provided $55 million to strengthen the nation’s infrastructure for pest detection and threat mitigation, and to safeguard nursery production. The 2014 Farm Bill increases to $72.5 million annually for the specialty crop block grant program, provides new resources for organic farmers, and increases funding for pest and disease management and disaster prevention to $62.5 million per year.

These policy changes, along with the additional funding devoted to farming and ranching, secure agricultural programs into 2018, with many provisions extending beyond that. Future planning for your farm or ranch should take all these changes into consideration. American AgCredit is quali ed and focused on providing the appropriate nancial services and assistance that best bene t your business.

As part of the Farm Credit System, American AgCredit provides nancial services to agricultural and rural customers throughout California, Nevada, Kansas, Oklahoma, Colorado, and Northern New Mexico – as well as to capital markets customers in 30 states. Financial services include production and mortgage nancing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small farmer program. In addition, the Association provides interest-free loans for qualifying 4-H and FFA Ag Youth programs, and college scholarships. Founded in 1916, the Association is the 7th largest Farm Credit lender in the U.S, and has given back more than $215 million since 2005 to member-borrowers through its cash dividend program. For more information, log on to the website at www.AgLoan.com.

By Mike Flesher & MariaSundeen. First published in the North Bay Business Journal


Farm Credit Lender American AgCredit Earns $111 Million for 2013 and Distributes $37 Million in Cash Dividends to Customers
31 March, 2014

Net Earnings for 2013 topped $111 million with $37 million in cash dividends distributed to shareholders

American AgCreditSANTA ROSA, CA (March 2014) – American AgCredit, a farmer-owned financial cooperative, today announced annual net income of $111 million for the 2013 calendar year along with a cash dividend distribution of $37 million to its shareholders. This compares to net income of $107 million in 2012.

“As a cooperative, our earnings either contribute to our capital, allowing us to support our customers’ financial needs, or they are returned to producers in the form of cash-back dividends,” said Byron Enix, President and CEO. “We firmly believe that sharing the rewards with our members makes good business sense and allows them to share in the success they have created.”

The increase in income primarily was due to greater net interest income from loan growth and a reduction in the provision for credit losses due to an increase in credit quality. Loan volume ended the year at just over $6 billion, resulting in a year-over-year growth rate of 3.9%. Net interest income finished the year $7.8 million above plan due to higher than expected loan volume and recovery of $4.0 million of non-accrual interest income. Fee income totaled $13.8 million.

"Agriculture has continued to be stable throughout challenging weather, changing real estate prices, and fluctuating commodity markets,” said Chief Financial Officer Vern Zander. “Our success is a direct result of the success and stability of our customers and their businesses.”

With the $37 million in cash dividends paid out to shareholders, this brings the amount of net income distributed since 2005 to $215 million.

"American AgCredit returns dividends to customers based on their patronage, or loan volume, effectively reducing their interest rate,ʺadded Zander. ʺThis allows our customers to use those savings to re-invest in their own operations as well as their local communities.”

About American AgCredit
Founded in 1916, American AgCredit is part of the nationwide Farm Credit System, and is the nation’s 7th largest Farm Credit cooperative. American AgCredit specializes in providing financial services to agricultural and rural customers throughout California, Nevada, Central Kansas, Northern Oklahoma, Central and Western Colorado, and Northern New Mexico – as well as to capital markets customers in 30 states.

Financial services provided by American AgCredit include production and mortgage financing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small Farmer Program. In addition, the Association provides interest free loans for qualifying 4-H and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture.

For more information about American AgCredit’s financial services, call 800-800-4865 or visit the website at www.AgLoan.com for a listing of offices by region.


Long‐Time Ag Finance Professional William “Bud” Bensley Retires after 38 Years with Farm Credit
20 February, 2014

STOCKTON, CA (Feb 2014) – American AgCredit, headquartered in Santa Rosa California, recently announced the pending retirement of William S. “Bud” Bensley who has most recently held the position of Senior Vice President – Credit in the Association’s Valley District with branches located in Stockton, Turlock, Oakdale and Merced. 

Born and raised on a dairy farm in the Village of Springville in Western New York, Bensley graduated from Cornell University with a bachelor’s degree in economics following service in the Navy. 

Over the past 38 years Bensley has held various administrative and management positions in the Farm Credit System starting with Farm Credit of Southern Maine in 1976 followed by relocation to Livermore Production Credit Association in Livermore, CA in 1980.   

Bensley has served on numerous committees and organizations over the years including the San Joaquin County Ag Advisory Committee, Central Valley Farmland Trust, San Joaquin Ag Foundation, Central Valley Chapter of the Risk Management Association, Ag Committee for California State University Stanislaus, Ag Science Center Cabinet and is a member of the Linden Lions Club as well as other memberships and affiliations. 

“I feel honored to have had the privilege of working with the agriculture community here in the valley over these many years,” Bensley stated. “I am very confident that we will find a way to successfully adjust to the challenges we will face in the future.” 

“We will certainly miss Bud’s creativity and enthusiasm,” said Chief Marketing Officer Terry Lindley. “He worked a lot with outreach in the Valley Region, always believed strongly in the customer and did everything to provide them with as much service as possible.” 

He is uniquely community‐minded, and served a lot of organizations throughout his region, added Lindley. “He is innovative in that kind of outreach and support for agriculture.”

About American AgCredit 

Founded in 1916, American AgCredit is part of the nationwide Farm Credit System, and is the nation’s 6th largest Farm Credit cooperative. American AgCredit specializes in providing financial services to agricultural and rural customers throughout California, Nevada, Central Kansas, Northern Oklahoma, Central and Western Colorado, and Northern New Mexico – as well as to capital markets customers in 30 states. 

Financial services provided by American AgCredit include production and mortgage financing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small farmer program. In addition, the Association provides interest‐free loans for qualifying 4‐H and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture.  

For more information about American AgCredit’s financial services, call 800‐800‐4865 or visit the website at www.agloan.com for a listing of offices by region.


Terry Lindley of American AgCredit Honored With Spirit of Sonoma County Award
20 January, 2014

 


American AgCredit Announces New President and CEO Byron Enix
04 December, 2013

New President and CEO Announced; Long-time CEO Ron Carli to Retire in 2014 

SANTA ROSA, CA (December 2013) – On Tuesday, December 3, 2013, Byron E. Enix was named President and CEO of American AgCredit, ACA, effective January 1, 2014. He will replace retiring President and CEO Ron Carli. Mr. Carli retires on January 31, 2014, after 35 years of service to the Farm Credit System.  

Mr. Enix has more than 29 years experience in the Farm Credit System and has served as Executive Vice President and Chief Operating Officer for American AgCredit since February 2012. Currently, Mr. Enix is leading the company through cultural and technology changes as a result of several mergers. He serves as Vice Chairman of American AgCredit’s Management Executive Committee and is a member of both the Asset/Liability Management Committee and the Enterprise Risk Committee. 

“I’m grateful to have the vote of confidence of the Board of Directors to take on this role and plan to do my very best to take this Association into the future for the benefit of our customers,” he said. 

Mr. Enix was raised in Wichita, Kansas, and his family has been involved in agriculture for several generations. After graduating in 1984 from Oklahoma State University with a BS in Agricultural Economics, he began his career as a loan officer in the Vinita, Oklahoma, Federal Land Bank Association and later moved into branch manager positions in Oklahoma and Colorado. He held several management positions, including Senior Vice President‐Lending and Chief Financial Officer at Farm Credit Services of Mountain Plains in Greeley, Colorado, where he served on the Executive Committee and Executive Loan Committee. He became Senior Vice President of Credit at American AgCredit in 2010 and was instrumental in leading a large region through a successful merger integration.  

When he takes the helm of American AgCredit, Mr. Enix will be in charge of all operations of the company which has assets in excess of $6 billion and more than 400 employees.  


American AgCredit Acquires Crop Insurance Provider, Chris Maloney Crop Insurance Services
05 September, 2013

Expansion of crop insurance services includes acquisition of one of the largest providers in California

SANTA ROSA, CA (August 2013) – Farm Credit lender American AgCredit announced today the acquisition of Chris Maloney Crop Insurance Services (CMCIS). Located in Sonoma County, California, CMCIS is one of the largest writers of grape crop insurance and Livestock Gross Margin‐Dairy (LGM) livestock insurance in the State of California.

With this new partnership, American AgCredit adds to the breadth of financial services it offers, which includes mortgage and operations financing, farm land appraisal, and leasing. “The ability to provide expanded services to agricultural producers is an important component of our business approach,” said President and Chief Executive Officer Ron Carli. “We consider it a great privilege to support agriculture, and are focused on assisting producers even more by providing this critical service to help their business.”  

Chris Maloney founded the agency in 1999, which services perennial crops, primarily grape growers and dairy farmers throughout California. This acquisition follows the acquisition of Fiorini & Squires Insurance Agency (F&S) out of Turlock, CA, on November 1, 2011. This expansion allows American AgCredit to offer multi peril crop insurance and LGM Dairy coverage on the North Coast as well as the Central Coast, Salinas, and Central Valley Regions, putting the $6 billion association at the forefront of the crop insurance business. 

“We’re excited to be part of the American AgCredit team,” said Chris Maloney. “The opportunity to have access to additional financial services for our customers – and the opportunity for American AgCredit’s customers to access specialized crop insurance – is significant.” 

Existing agents Shannon Antonini and Fred Carvajal, along office manager Emily Carvajal, remain on staff and bring with them significant industry expertise and ensure that customers will maintain their same agent.

According to Vice President of Insurance Services Mike Phillips, because crop insurance coverage varies by state and has very specific criteria for protection, it is important to bring specialized expertise on board.  

“We are very fortunate to now have this knowledgeable, experienced and dedicated insurance team on staff now,” Phillips said. “And we want existing CMCIS customers to know that the excellent level of service and knowledge that they have had will continue with us.” 

  “My founding principal is that our first responsibility is our clients,” said Chris Maloney. “We take pride in ensuring that our clients receive the full benefits of their insurance coverage.”  

About American AgCredit 

Founded in 1916, American AgCredit is part of the nationwide Farm Credit System, and is the nation’s 6th largest Farm Credit cooperative. American AgCredit specializes in providing financial services to agricultural and rural customers throughout California, Nevada, Central Kansas, Northern Oklahoma, North Central and Western Colorado, and Northern New Mexico – as well as to capital markets customers in 30 states. 

Financial services provided by American AgCredit include production and mortgage financing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small farmer program. In addition, the Association provides interest‐free loans for qualifying 4‐H and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture. For more information about American AgCredit’s financial services, call 800‐800‐4865 or visit the website at www.agloan.com for a listing of offices by region.

Contact:  

Mike Phillips, Vice President, Insurance Services: 800‐466‐1146 / MPhillips@AgLoan.com 

Terry Lindley, Chief Marketing Officer: 800‐800‐4865 / TLindley@AgLoan.com 


Farm Credit Alliance Partners Team Up with Moss Adams, Turrentine Brokerage to Launch Wine Industry Benchmarking Survey
20 June, 2013

Call for Participants in largest Wine Industry Financial Benchmarking Survey since 2009! 

SANTA ROSA, CA (June 2013) – Moss Adams LLP, in partnership with Farm Credit Alliance Partners ‐  American AgCredit, Farm Credit West, Northwest Farm Credit and CoBank ‐ and Turrentine Brokerage, announced the launch of the 2013 Moss Adams Wine Industry Financial Benchmarking Survey.   

The confidential results will be a useful tool for wineries and vineyards in California, Oregon and Washington to measure their businesses against industry leaders and develop strategies to improve their operating and financial results. This survey will build on the results reported in 2009 that analyzed a range of topics including general industry trends, sales and production data, viticulture data along with operating and financial metrics by region.  

“As a leading provider of financing to wine‐industry businesses throughout the U.S., we are excited to assist in developing this great work and gathering a true measurement of the industry as a whole,” said Terry Lindley, Chief Marketing Officer for American AgCredit. “Through this partnership with Moss Adams, Farm Credit will be able to assist in engaging even more industry participation to ensure results are precise and relevant. I know it will be an enormously useful tool not only for us as a lender, but for our customers as well.”  

This survey is aiming to be the most comprehensive survey of the industry and will include both financial and operational benchmarks. The success of the final report will be dependent upon significant involvement from a depth of wineries, vineyards, negociants and other industry leaders.

This year’s survey includes distinct differences from the 2009 edition in both length and style. Most noticeably, participants will complete the survey on one of four tracks based on their business model in an effort to streamline the survey process.

Participants are also given a complete list of all information needed ahead of time to shorten the time required for completion. All participant information will remain confidential.  

Begin the survey at www.mossadams.com/winesurvey.  

Promotion of the survey will also be leveraged through relationships with established wine industry trade groups. This includes, but is not limited to, the following organizations: 

  • Sonoma County Vintners  
  • Napa Valley Grape Growers  
  • Sonoma County Wine Grape Commission  
  • The Wine Institute of California 
  • Family Winemakers  
  • California Association of Winegrape Growers  
  • Paso Wine Country Alliance  
  • Lodi District Grape Growers Association 
  • Monterey County Vintners & Growers Association  
  • Santa Barbara County Vintners Association  
  • Oregon Wine Board  
  • Winegrowers of Dry Creek Valley  
  • Russian River Valley Winegrowers  
  • WA Winegrape Growers  
  • WA Wine Industry Foundation  

Findings from the survey will be released in October 2013 and will encompass the 2012 fiscal year operating and financial data. Participating wineries and vineyards will receive a complimentary copy of the final report. Nonparticipants will be able to purchase an electronic copy for $495.  

For a complete list of regional winery and grower associations in California, go to: http://www.wineinstitute.org/resources/external-links/regional-winery-grower-associations-of-california

About Moss Adams 

Moss Adams LLP is one of the largest accounting and consulting firms in the nation. Together with its affiliates, the firm provides insight and expertise to nearly 300 wine industry clients throughout the U.S.  

About Turrentine Brokerage 

Turrentine Brokerage is a leading provider to growers, wineries and financiers in the brokering of winegrapes from all California regions and wines in bulk from California and around the world. A reputable source for exclusive and superior market information with over 40 years of service, and the industry’s most experienced team of brokers and analysts.

About the Farm Credit Alliance Partners 

Farm Credit Alliance Partners ‐ American AgCredit, Farm Credit West, Northwest Farm Credit and CoBank ‐ provide financing, leasing, insurance, and other financial services to agriculture and agribusinesses as part of the Farm Credit System. Combined, they serve more than 70,000 farmers, ranchers, cooperatives, and other rural borrowers in all 50 states. 

About American AgCredit 

Founded in 1916, American AgCredit is part of the nationwide Farm Credit System, and is the nation’s 6th largest Farm Credit cooperative. American AgCredit specializes in providing financial services to agricultural and rural customers throughout California, Nevada, Central Kansas, Northern Oklahoma, Western Colorado, and Northern New Mexico – as well as to capital markets customers in 30 states across the nation.  

Financial services provided by American AgCredit include production and mortgage financing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small farmer program. In addition, the Association provides interest‐free loans for qualifying 4‐H and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture.  

For more information about American AgCredit’s financial services, call 800‐800‐4865 or visit the website at www.agloan.com for a listing of offices by region.  


Record Cash Dividends for American AgCredit Represents Significant Growth in Loan Volume for 2012
24 April, 2013

Net Earnings for 2012 are $107 million with cash dividends to member‐borrowers hitting a record $45 million 

SANTA ROSA, CA (April 2013) – On the heels of a successful year, Farm Credit lender American AgCredit distributed $45 million in dividends to its customers for 2012. The Association experienced significant loan growth in 2012, with loan volume increasing 6.7% overall for the year.  “This is the second year in a row that we’ve handed back 1% in dividend earnings to our members, and for 2012 this is the largest cash dividend in our history,” said President and Chief Executive Officer Ron Carli. ʺAgriculture has continued to be a strong sector in a challenging economy. This year’s growth in loan volume and resulting cash dividend payout directly represent our success and the success of agriculture as we move forward.” 

2012 Financial Results 

Earnings for the year totaled $107.3 million, up nearly 16% from 2011 (excluding adjustments for non‐recurring 2011 transactions). Total loan volume at year‐end was $5.8 billion, up from $4.4 billion, with the majority of the increase attributed to the January 2012 merger with Farm Credit Services of the Mountain Plains. Net interest income was $160 million, with a permanent capital ratio at year‐end standing at 21.12%.

Net interest income increased substantially compared to 2011, with growth of nearly 25%. Improvement in economic conditions has opened up opportunities for capital investments in all sectors of agriculture, with wine grapes, nuts, grains, and cattle remaining strong.   

“2012 represents the first year as an integrated Association with Farm Credit Services of the Mountain Plains,” Carli stated. “We remained strong through expanding our territory and increasing the diversity of our portfolio and lending base.” 

Credit quality in the loan portfolio remained stable at 95.8% acceptable as of December 31, 2012.

"CEO Ron Carli emphasized the Association’s commitment to sound underwriting standards and its geographic, commodity and customer diversity. ʺOur strength lies in the strong financial condition of our borrowers and their own sound business practices.”

2012 Dividend Payout 

Based on the strength of its 2012 earnings, American AgCredit has paid out $45 million in dividend distributions to its customers, the highest customer dividend paid out in the history of the Association – representing 29% more than the previous year’s dividend of $34.8 million. 

Over the past six years, American AgCredit has returned more than $166 million in dividends to member‐borrowers in California, Colorado, New Mexico, Nevada, Kansas and Oklahoma.

ʺAs a cooperative, American AgCredit returns dividends to customers based on their patronage, or loan volume, effectively reducing interest rates paid by returning 1% of our borrower’s average daily loan balances,ʺ said Chief Financial Officer Vern Zander. ʺA strong capital base and a customer dividend are important components of American AgCredit’s business values.” 

“Our emphasis on a strong capitalized organization has ensured growth that allows for a substantial cash dividend,” added Carli. “Our mission is to ensure that reliable financing remains available to agricultural producers in our territory. In order to do this, American AgCredit must remain a safe and sound organization that can meet the needs of a constantly changing marketplace.”  

About American AgCredit 

Founded in 1916, American AgCredit is part of the nationwide Farm Credit System, and is the nation’s 6th largest Farm Credit cooperative. American AgCredit specializes in providing financial services to agricultural and rural customers throughout California, Nevada, Central Kansas, Northern Oklahoma, Western Colorado, and Northern New Mexico – as well as to capital markets customers in 30 states across the nation.  

Financial services provided by American AgCredit include production and mortgage financing, equipment and vehicle leasing, crop and life insurance, lines of credit, and the Young, Beginning and Small farmer program. In addition, the Association provides interest‐free loans for qualifying 4‐H and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture.

For more information about American AgCredit’s financial services, call 800‐800‐4865 or visit the website at www.agloan.com for a listing of offices by region. 


American AgCredit Promotes Key Staff in Regional Reorganization
01 January, 2011

SANTA ROSA, CA (December 2010) ‐‐ American AgCredit, the nation’s 7th largest Farm Credit cooperative, announced today the promotion of three long‐time employees: Bill Rodda, Jim Rizza and Clay Popko.

Vice President Bill Rodda has been promoted to Branch Manager of the new Santa Rosa office. Bill has been working with Farm Credit since 1981, and manages both commercial and capital markets portfolios. Vice President Jim Rizza has been promoted to Regional Vice President of the Central Region. Jim began his Farm Credit Career in 1981 and has been with the St. Helena office since January of 1985, most recently serving as Branch Manager. Clay Popko was promoted to Branch Manager of the St. Helena office, where he has been a Vice President since 2003. Clay began his career with American AgCredit in 1994 working for the Santa Rosa group.

“With our expansion into Kansas and Oklahoma, we are also aiming to streamline our California operations,” said CEO Ron Carli. “Promoting seasoned staff to critical management positions will help us to better manage the Central Region and maintain good relations with our customers.”

About American AgCredit Founded in 1916, American AgCredit is part of the cooperative nationwide Farm Credit System, and is the nation’s 7th largest Farm Credit cooperative. American AgCredit specializes in providing financial services to agriculture and rural customers throughout California, Nevada, Central Kansas, and Northern Oklahoma, as well as to capital markets customers in 30 states across the nation. Financial services provided by American AgCredit include production and mortgage financing, equipment and vehicle leasing, lines of credit, and the Young, Beginning and Small farmer program. In addition, the Association provides interest‐free loans for qualifying 4‐H and FFA AgYouth programs, as well as college scholarships to young people interested in agriculture. For more information about American AgCredit’s financial services, call 800‐800‐4865 or visit the website at www.agloan.com for a listing of offices by region.
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Harvest Preferred (H) Stock
01 December, 2010

Current stockholders now have another investment vehicle from Farm Credit. H Stock carries a dividend rate of 0.50% effective November 1, 2010. Read more...


American AgCredit Making Loans to Agriculture for 85 years
21 June, 2010

Loans / Financing
At American AgCredit, we’ve been making loans to agriculture for 85 years. We offer a variety of Long-Term, Intermediate-Term and Short-Term Loans. Long-Term loans include fixed-rate, adjustable and variable-rate mortgage loans with options tailored to your specific needs. Our intermediate-term loans with maturities of up to 10 years can be used to free up your capital, and our short-term financing is available in the form of budgeted loans or revolving lines of credit with maturities of one to four years. To learn more please visit:

We've been a customer of the Merced branch for 15 years, and we can't sing their praises enough. They understand the time demands of a family-run dairy operation and they go out of their way to make things easier for us by providing one-stop loan shopping, online banking and an incredible level of customized service."

- Sonia Belo

 

"It is important to work with people who we trust and who our parents trusted. American AgCredit has been there for us an we look forward to a successful relationship for many years to come."

- Michelle Mendes
Albert Mendes Dairy
YBS borrower

Title Name Email Phone
Senior Vice President Terry Lindley tlindley@agloan.com 707-545-1200
Asst. Vice President Alex Klein aklein@agloan.com 707-545-7100
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Terry Lindley of American AgCredit Honored With Spirit of Sonoma County Award.


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Interest free loans for fair livestock projects


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Investing in Agriculture's future


One of the most important benefits of being an American AgCredit member-borrower is that you stand to share in the association's profits.

Most businesses return company profits to investors, not their customers. However, as a member-owned Association, American AgCrdit returns profits to customers, the people who patronize its services. That's the cooperative way of doing business.

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At American AgCredit we know an investment lost due to crop failure or natural disaster is capital that can never be recovered by your operation. That's why we offer crop insurance products to protect your investment while it's still in the field. American AgCredit has specialized staff that understands crop insurance and can answer your questions about how to protect your financial investment from insurable perils.

Contact your loan officer or insurance specialist today to discuss the insurance alternatives available for your operation.

Types of Crop Insurance

Crop Hail Insurance
Crop Hail insurance is a private insurance product which provides actual cash value coverage to growing crops for direct losses caused by hail, fire and lightning, fire department service charges, and limited transit perils to the first place of storage. Various endorsements are available to modify the coverage to include or exclude other named perils or modify the policy provisions. Many deductible options are offered to allow you to manage your coverage and cost.

Crop Fire Insurance
Crop Fire insurance is a private insurance product which provides actual cash value coverage to growing crops against direct losses caused by fire or lightning and limited transit perils to the first point of storage. Optional endorsements are available for stored grain coverage against direct losses due to fire and lightning at the first place of storage.

Actual Production History (APH)
APH is a federal crop insurance plan, which provides coverage for yield losses due to natural causes. Specific causes of loss are determined by the crop provisions but may include perils such as adverse weather conditions, fire, insects, plant disease, wildlife, earthquake, volcanic eruption, or failure of irrigation water supply. APH also provides prevented planting and replanting protection on some crops in some counties. Various coverage levels and price elections are available. Losses occur when harvested production is lower than the insured production guarantee established in the policy.

Actual Revenue History (ARH)
ARH plan of insurance has many parallels to the APH plan of insurance, with the primary difference being that instead of insuring historical yields, the plan insures historical revenues. The policy is structured as an endorsement to the Common Crop Insurance Policy Basic Provisions. It restates many of the APH yield procedures to reflect a revenue product. Each crop insured under ARH has unique crop provisions. Like current revenue coverage plans, the ARH pilot program protects growers against losses from low yields, low prices, low quality, or any combination of these events.

Dollar Plan
Dollar Plan policies provide protection against declining value due to damage that causes a yield shortfall. The amount of insurance is based on the cost of growing a crop in a specific area. A loss occurs when the annual crop value is less than the amount of insurance. The maximum dollar amount of insurance is stated on the actuarial document. The insured may select a percent of the maximum dollar amount equal to CAT (catastrophic level of coverage) or purchase additional coverage levels.

Revenue Protection (RP)
Revenue Protection policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease, and revenue losses caused by a change in the harvest price from the projected price. The producer selects the amount of average yield he or she wishes to insure; from 50-75 percent (in some areas to 85 percent). The projected price and the harvest price are 100 percent of the amounts determined in accordance with the Commodity Exchange Price Provisions and are based on daily settlement prices for certain futures contracts. The amount of insurance protection is based on the greater of the projected price or the harvest price. If the harvested plus any appraised production multiplied by the harvest price is less than the amount of insurance protection, the producer is paid an indemnity based on the difference.

Revenue Protection with Harvest Price Exclusion (RP-HPE)
RP-HPE policies insure producers in the same manner as Revenue Protection polices, except the amount of insurance protection is based on the projected price only (the amount of insurance protection is not increased if the harvest price is greater than the projected price). If the harvested plus any appraised production multiplied by harvest price is less than the amount of insurance protection, the producer is paid an indemnity based on the difference.

Yield Protection (YP)
Yield Protection policies insure producers in the same manner as APH polices, except a projected price is used to determine insurance coverage. The projected price is determined in accordance with the Commodity Exchange Price Provisions and is based on daily settlement prices for certain futures contracts. The producer selects the percent of the projected price he or she wants to insure, between 55 and 100 percent.

Pasture, Rangeland, & Forage- Rain Fall Index Insurance (PRF-RI)
PRF-RI is a federal crop insurance pilot program which provides area plan coverage for producers who graze livestock or raise hay for forage. PRF-RI is designed to insure against a decline in a Rainfall Index within a 12 mile by 12 mile grid. The index is based upon over 60 years of rainfall data within the National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center database. As a pilot program PRF-RI is only available in some counties in the American AgCredit territory.

Group Risk Income Protection (GRIP)
GRIP is a federal crop insurance plan which offers county-based revenue insurance to producers using National Agricultural Statistical Service (NASS) data to establish county revenue levels. The product is not related to the individual producer's revenue level but pays a loss when the county average revenue falls below the trigger revenue level selected by the producer. GRIP losses are paid the following year when the NASS data for the insured crop year are released.

Group Risk Plan (GRP)
GRP is a federal crop insurance plan which offers county-based yield protection when the county yield falls below the trigger yield elected by the producer. Similar to GRIP, losses are paid in the year following the insured crop year after county average yields are released by USDA. GRP has a lower paperwork requirement than the individual plans of coverage.

 

American AgCredit is an equal opportunity provider and employer. All of our insurance plans are available to all producers regardless of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal or because all or part of an individual's income is derived from any public assistance program.