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Corporate Profile

Farm Credit Bank of Texas employees

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 $21.8 billion. We are part of the nationwide Farm Credit System, which was established by Congress in 1916 and has assets of $320.1 billion. Together with our affiliated lending cooperatives, we comprise the $28.5 billion Texas 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 14 retail-lending co-ops and two 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 — 13 Agricultural Credit Associations (ACAs), which provide agricultural, agribusiness and rural mortgage financing; one Federal Land Credit Association (FLCA), which makes rural real estate loans; and two 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 funding. 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. The Farm Credit System enjoys long-term debt ratings of AAA by Fitch Ratings, Aaa by Moody’s Investors Service and AA+ by Standard and Poor’s. These outstanding ratings align with the U.S. sovereign rating.

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 14 lending cooperatives that own the bank. Two directors are 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.