America's families enjoy high quality, affordable food and fiber thanks to the dedication of our nation's farm families and ag-related businesses. It is AgSouth's mission to support these families and businesses by being a source of reliable, cost-effective financial services.
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AgSouth Farm Credit is a member-owned lending cooperative and a member of the Farm Credit System. AgSouth Farm Credit has been providing financing to rural America for nearly a century.
President Woodrow Wilson helped establish the Farm Credit System in 1916 to provide farmers with a lender prepared to meet their special financial needs. Today, Farm Credit institutions nationwide continue to provide competitive interest rates and special terms to meet the credit needs of rural America.
Farm Credit has gone through many changes in its history, including some name changes and mergers. In its more recent history, Farm Credit was known as The Federal Land Bank and The Production Credit Association. When Southeast Georgia Farm Credit and West Georgia Farm Credit merged in 1999, the local association became known as AgSouth Farm Credit, ACA. The association kept its name when it merged again with Palmetto Farm Credit, a South Carolina association, in January of 2004. Whatever the name, AgSouth Farm Credit has remained dedicated to providing customers with quality service, competitive rates and a wide choice of products to help them better manage their farming operations.
AgSouth Farm Credit is one of the largest lending cooperatives in the southeast. Headquartered in Statesboro, Ga., with administrative offices in Spartanburg and Orangeburg, South Carolina, the cooperative has 26 offices serving 34 South Carolina and 59 Georgia counties. AgSouth Farm Credit employs approximately 230 full and part-time employees. The board of directors consists of 14 individuals elected by the membership of the association and 3 outside directors who are elected by the board of directors.
AgSouth provides loans for real estate, agriculture and rural homes and offers leasing for automobiles, equipment, buildings and commercial operations. The association also offers leasing and crop insurance. In 1997, AgSouth formed AgSouth mortgages to offer secondary market home loan products and diversity its portfolio. AgSouth Mortgages provides loans for home purchases, home construction and refinances for those who do not qualify under established Farm Credit guidelines. AgSouth Mortgages is another way for the Association to generate noninterest income.