Code of Ethics

Officers and Senior Financial Professionals

AgriBank and its directors, officers and employees have committed to conduct business in accordance with the highest ethical standards as set forth in the Standards of Conduct Policy, which is applicable to the directors, officers and employees relating to ethical conduct, conflicts of interest, and compliance with the law.

This Code of Ethics applies to all AgriBank officers and senior financial professionals. AgriBank is responsible for the preparation and distribution of its financial statements and related disclosures and for providing relevant information that is true, accurate and complete to the Funding Corporation for use in preparing the Farm Credit System financial statements and related disclosures. AgriBank expects all of its employees to act in accordance with the highest standards of personal and professional integrity in all aspects of their activities, to comply with all applicable laws, rules and regulations, to deter wrongdoing and abide by its Standards of Conduct Policy and other policies and procedures adopted by the AgriBank that govern the conduct of its employees. This Code of Ethics is intended to supplement the AgriBank Standards of Conduct Policy.

You agree to:

  1. Engage in and promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.
  2. Avoid conflicts of interest and disclose to the General Counsel, Chief Executive Officer or Audit Committee any material transaction or relationship that reasonably could be expected to give rise to a conflict.
  3. Take all reasonable measures to protect the confidentiality of non-public information about AgriBank and its customers obtained or created in connection with its activities and to prevent the unauthorized disclosure of this information unless required by applicable law or regulation or legal or regulatory process.
  4. Ensure full, fair, accurate, timely and understandable disclosure in AgriBank and District financial statements and related financial reports or communications as well as AgriBank and District reports and documents filed with, or submitted to, the Funding Corporation and the Farm Credit Administration.
  5. Comply with applicable governmental laws, rules and regulations, as well as the rules and regulations of self-regulatory agreements to which AgriBank is a party.
  6. Promptly report any possible violation of this Code of Ethics to the General Counsel, Chief Executive Officer or Audit Committee and, if potentially material to the System financial statements, to the Funding Corporation General Counsel, Chief Executive Officer or System Audit Committee.
  7. Promptly report any actual violation of this Code of Ethics to the Funding Corporation General Counsel, Chief Executive Officer or System Audit Committee, and the corrective action plan with respect to the actual violation.

You are prohibited from directly or indirectly taking any action to fraudulently influence, coerce, manipulate or mislead AgriBank's independent public accountant for the purpose of rendering the financial statements misleading.

You understand that you will be held accountable for adherence to the Code of Ethics. Your failure to observe the terms of this Code of Ethics may result in disciplinary action, up to and including termination of employment. Violations of the Code of Ethics may also constitute violations of law and may result in civil and criminal penalties for you, your supervisors or AgriBank.

If you have any questions regarding the best course of action in a particular situation, you should promptly contact the General Counsel, Chief Executive Officer or Audit Committee. Any individual contacting the General Counsel, Chief Executive Officer or Audit Committee may remain anonymous when reporting any possible violation of this Code of Ethics.

You may report possible violations of this Code of Ethics by contacting EthicsPointTM at www.ethicspoint.com or calling toll free at 1-866-293-2338.

Individuals contacting EthicsPointTM can remain anonymous when reporting possible Code of Ethics violations.