“As a Kentucky farmer, I appreciate McConnell’s leadership in the Senate on issues important to Kentucky farmers,” said Dan Flanagan, a member of the ADFCC from Campbellsville, Kentucky. Flanagan is a full time farmer raising soybeans, corn, and wheat. He also manages six broiler houses and raises both wholesale and retail produce. “Having someone in the Senate leadership looking out for us while critical decisions are being made on the future of farming is just so important.”

“Congresswoman Fudge has recognized that the ability to sustain agriculture in the future requires balancing the needs of conventional agriculture with those that will both build and sustain the growing urban agriculture movement,” said Bill Patterson, a member of the ADFCC from Chesterland, Ohio. Patterson operates a fruit farm market with his family. “Farm Credit is dedicated to supporting the needs of all farmers and looks forward to continuing working closely with Rep. Fudge on new initiatives like the Gardening for Greenbacks to accomplish this goal.”

St. Paul, Minn., June 3, 2013 – Today St. Paul based AgriBank named two winners of the annual William J. Collins Scholarship.

William J. Collins Scholarships support the next generation of agriculture professionals with scholarships for children of AgriBank District employees who are planning to pursue careers in agriculture. AgriBank offers this scholarship in partnership with Agriculture Future of America’s Leader and Academic Scholarship program.

This year’s winners are Lucas Bauer and Abby Resch.

ST. PAUL, Minn. – Today St. Paul based AgriBank announced financial results for the first quarter of 2013.

Highlights

• Net income rose 22% to $140.0 million for the first quarter of 2013. Net interest income was $128.3 million compared with $109.0 million for same period of 2012. Non-interest income was $40.9 million, up 16% from $35.3 million.
• Loan portfolio credit quality remains strong as loan loss provisions decreased 82% to $0.5 million and non-adverse loans stood at 99.8%.
• Cash and investments totaled $12.8 billion at the end of the quarter, compared with $12.1 billion at the end of last year. End of the period liquidity was 165 days, well above the regulatory requirement. Capital increased $102.2 million from year end to $4.4 billion.

ST. PAUL, Minn. – Today AgriBank announced its 2013 board of directors. Dick Davidson was reelected as the board’s chair and Doug Felton was elected as the new vice chair.

Davidson and Felton were elected by members of the AgriBank board during AgriBank’s annual meeting in Memphis.

The AgriBank board has also appointed financial expert Natalie Laackman as an outside director to the board.

ST. PAUL, Minn. – Today St. Paul based AgriBank announced financial results for the fourth quarter of 2012 and year end, reporting continued strong levels of net income, capital, liquidity and credit quality.

“Continued demand, coupled with the 2012 drought, and resulting anticipated small carryover stocks, kept key district commodity prices strong. Most crop producers purchased crop insurance which contributed to solid incomes. Many livestock producers used hedging strategies to mitigate exposure to higher feed costs,” said AgriBank CEO Bill York. “Near record net farm income fueled increasing land values, and concerns about tax changes drove many real estate transactions. These factors, and continued opportunities to refinance to lower cost debt, contributed to the strong growth and earnings achieved.”

ST. PAUL, Minn., December 21, 2012 – Just in time for the holidays, North Dakota’s Farm Credit organizations are announcing $133,000 in grants for projects that support western North Dakota communities.

Eleven grants were awarded to worthy community projects, focused on supporting those cities and towns that have been impacted by oil and mineral exploration and production.

“During the holidays it is important to give back to the communities that have supported us throughout the year,” said Bill York, CEO of AgriBank. “The awards announced today will go to the medical providers and firefighters that provide critical services to western North Dakota communities.”

ST. PAUL, Minn., November 28, 2012 –Today three Farm Credit organizations announced more than a quarter of a million dollars in grants for projects that support Western North Dakota communities.

St. Paul based AgriBank joined Farm Credit Services of Mandan and Farm Credit Services of North Dakota in announcing the first ever awards made under the Rural Community Grant Fund. The organizations started the fund to support infrastructure and development projects that benefit communities in Western North Dakota. Eleven grants totaling $266,984 were awarded to worthy community projects, focused on supporting those cities and towns that have been impacted by oil and mineral exploration and production.

“Farm Credit’s mission is to meet the needs of rural America,” said Bill York, CEO of AgriBank. “We are proud to work with the North Dakota associations to support these critical efforts in local communities in a way that carries out that mission.”

ST. PAUL, Minn. – Today St. Paul based AgriBank announced financial results for the third quarter of 2012, reporting continued strong levels of net income, capital, liquidity and credit quality.

“Today’s strong financial results reflect the success of the partnership between AgriBank and affiliated Associations in providing a variety of financial solutions to meet the needs of farmers, ranchers and agribusinesses in the robust Midwest economy,” said Bill York, AgriBank’s CEO. “The strength of our performance reflects our ability to provide access to funding and services to help customers through all of their challenges, including the recent drought. By maintaining the same high standards and prudent practices that created today’s success we are ensuring a strong tomorrow.”

Cleveland – (Aug. 28, 2012) – Three of the nation’s leading agricultural lenders have joined forces to provide financial support for beginning urban farmers in Cleveland as part of the city’s “Gardening for Greenbacks” program.

Minneapolis-based AgriBank, Denver-based CoBank and Louisville-based Farm Credit Mid-America each committed $45,000 to the program for a total donation of $135,000. All three institutions are members of the Farm Credit System, a nationwide network of banks and associations chartered to meet the credit needs of agriculture and other key rural industries.

The Minneapolis/St. Paul Business Journal has named AgriBank one of the Best Places to Work for 2012. The Best Places to Work prestigious award ranks AgriBank as one of the top-scoring businesses on the employee survey in the medium-company category.

The Business Journal's award results are determined largely from employee input about the work environment, the company's ability to embrace innovation and new ideas, people practices, personal growth opportunities and development, and daily operations. The survey was conducted by Quantum Market Research of Wichita, Kansas. More than 200 companies competed this year with winners being honored August 23 at a luncheon and awards banquet at the Hilton in downtown Minneapolis.