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AgStar information


AgStar Financial Services, ACA
Company type
  • Bank
  • Government-sponsored enterprise
IndustryAgribusiness
Founded1916
Headquarters
Mankato, Minnesota
Area served
United States
Key people
Rod Hebrink, CEO
Net income
Increase $123.9 million (2015)
Total assetsIncrease $8.36 billion (2015)
Total equityIncrease $1.2 billion (2015)
Number of employees
550 +
Websitewww.agstar.com

AgStar Financial Services is a US Farm Credit System Agricultural Credit Association (ACA) that delivers a wide range of farm and rural credit programs and services in 67 counties located in Minnesota and northwest Wisconsin.[1][2] AgStar provides financial products including agricultural loans, leases, crop insurance, life insurance, and home mortgages.[3][4][5][6] The financial services offered include appraisals, money market accounts, online banking, and other consulting services.[7][8]

As an ACA cooperative it is owned by 15,200 client-shareholders to whom it provides returns through patronage refunds.[2][9] It has its headquarters in Mankato, MN[1] and is one of the larger Farm Credit associations in the nation. It is located within AgriBank Farm Credit Bank's district, who acts as a wholesale lender for AgStar.[1] For 2015 it reported $123.9 million in net profit and $8.36 billion in assets, up from the 2014 reported values of $117.4 million in net profit and $7.67 billion in assets.[9][10]

On July 1, 2017, AgStar Financial Services, Farm Credit Services and Badgerland Financial joined together to form Compeer Financial. The merger was approved from the Farm Credit Association.[11]

  1. ^ a b c "View FCS Institution Directory: AgStar Financial Services, ACA". Farm Credit Administration. Retrieved September 25, 2016.
  2. ^ a b Monke, Jim (May 17, 2016). Farm Credit System (PDF). Congressional Research Service.
  3. ^ "Agriculture and Farm Loans". Archived from the original on April 19, 2016.
  4. ^ "Agricultural Equipment Leases". Archived from the original on April 20, 2016.
  5. ^ "Farm and Agricultural Insurance". Archived from the original on April 15, 2016.
  6. ^ "Home Mortgage Services". Archived from the original on January 31, 2016.
  7. ^ "Business Services". Archived from the original on April 18, 2016.
  8. ^ "Rural Financial and Business Consulting". Archived from the original on April 25, 2016.
  9. ^ a b "AgStar 2015 Annual Report" (PDF). AgStar. March 9, 2016.
  10. ^ "AgStar 2014 Annual Report" (PDF). AgStar. March 11, 2015.
  11. ^ "1st Farm Credit Services, AgStar Financial Services & Badgerland Financial Complete Merger". www.farm-equipment.com. Retrieved August 22, 2019.

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