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If you are
looking for a lender who understands agriculture and rural mortgage
financing — one who has the capacity to finance the largest,
most complex agribusiness operation — you have come to the
right place.
Who We Are
Farm
Credit Bank of Texas, headquartered in Austin, Texas, is a cooperatively
owned wholesale bank with assets of $13.5 billion. We are part of
the nationwide Farm Credit
System, established by Congress in 1916. Together with our affiliated
lending cooperatives, we comprise the $18 billion Tenth Farm Credit
District, the single largest rural lending network serving Alabama,
Louisiana, Mississippi, New Mexico and Texas.
What We
Do
We
provide loan funds and services to 20 retail-lending co-ops and
five Other Financing Institutions. These lenders make loans for
rural real estate, agribusiness and agricultural production. We
also are active in the capital markets
arena, participating in large-loan opportunities with the food,
agribusiness, rural utility and rural communications sectors.
Our Mission
Our mission is to enhance the quality of life in rural America by using cooperative principles to provide competitive credit and superior service to our customers.
Our Customers
Our
customers are our owners—14 Agricultural Credit Associations
(ACAs), which provide agricultural, agribusiness and rural mortgage
financing; six Federal Land Credit Associations (FLCAs), which
make rural real estate loans; and five Other Financing Institutions
(OFIs). These lenders in turn provide
loans and financial services to farmers, ranchers, agribusiness
firms, country homeowners and other rural landowners—as well
as to capital markets customers.
Our Source
of Funds
We
benefit from having a dependable source of competitively priced
capital. Our funds come from the Federal
Farm Credit Banks Funding Corporation, which sells Farm Credit
System bonds and notes to investors in the nation's money markets.
As part of the $186.5 billion Farm Credit System, we enjoy an AAA
rating on our long-term debt.
Our Management
and Operations
The Farm Credit
Bank of Texas is governed by a seven-member board
of directors. Five directors are farmers or ranchers, who are
elected by the customers of the 20 lending cooperatives that own
the bank. The seventh director is appointed by the elected board members.
Our senior management team is accountable
to the board of directors and works with the board to set the bank's
direction, goals and strategies. We are regulated by the federal
Farm
Credit Administration, whose board is appointed by the president
of the United States.
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