Top 100 Farm Lenders Ranked By Dollar Volume
When it comes to farming, financing is a crucial aspect to ensure the growth and success of the business. In the United States, there are many farm lenders offering loans to farmers for various purposes, such as purchasing equipment, expanding operations, or buying land. In this article, we will discuss the top 100 farm lenders ranked by dollar volume, based on data from the United States Department of Agriculture (USDA) for the year 2020.
1. Wells Fargo & Co.
Wells Fargo & Co. is the largest provider of agricultural loans in the United States, with a total dollar volume of $7.7 billion in 2020. The bank has a long history of providing financial services to farmers and ranchers, and offers a range of loan products to meet the needs of agricultural businesses.
2. CoBank ACB
CoBank ACB is a cooperative bank serving rural communities and agriculture businesses across the United States. The bank had a total dollar volume of $6.8 billion in agricultural loans in 2020, making it the second-largest farm lender in the country. CoBank offers a range of loan products, including operating loans, equipment financing, and real estate loans.
3. Rabobank
Rabobank is a Dutch multinational banking and financial services company, with a significant presence in the United States agricultural lending market. The bank had a total dollar volume of $6.7 billion in agricultural loans in 2020, making it the third-largest farm lender in the country. Rabobank offers a range of loan products, including farm operating loans, equipment financing, and real estate loans.
4. Farm Credit Services of America
Farm Credit Services of America is a member-owned cooperative providing credit and financial services to farmers and ranchers in the Midwest. The organization had a total dollar volume of $6.4 billion in agricultural loans in 2020, making it the fourth-largest farm lender in the country. Farm Credit Services of America offers a range of loan products, including operating loans, real estate loans, and equipment financing.
5. Farm Credit Mid-America
Farm Credit Mid-America is a cooperative providing credit and financial services to farmers and rural residents in Indiana, Ohio, Kentucky, and Tennessee. The organization had a total dollar volume of $5.8 billion in agricultural loans in 2020, making it the fifth-largest farm lender in the country. Farm Credit Mid-America offers a range of loan products, including real estate loans, operating loans, and equipment financing.
6. AgCountry Farm Credit Services
AgCountry Farm Credit Services is a member-owned cooperative providing credit and financial services to farmers and rural residents in Minnesota, North Dakota, and Wisconsin. The organization had a total dollar volume of $4.7 billion in agricultural loans in 2020, making it the sixth-largest farm lender in the country. AgCountry Farm Credit Services offers a range of loan products, including real estate loans, operating loans, and equipment financing.
7. AgriBank
AgriBank is a wholesale bank providing credit and financial services to member-owned Farm Credit associations in 15 states in the Midwest and Western United States. The organization had a total dollar volume of $4.6 billion in agricultural loans in 2020, making it the seventh-largest farm lender in the country. AgriBank provides funding to its member associations, which in turn provide loans to farmers and rural residents in their local communities.
8. American AgCredit ACA
American AgCredit ACA is a member-owned cooperative providing credit and financial services to farmers and ranchers in California, Nevada, Oklahoma, and Colorado. The organization had a total dollar volume of $4.5 billion in agricultural loans in 2020, making it the eighth-largest farm lender in the country. American AgCredit ACA offers a range of loan products, including real estate loans, operating loans, and equipment financing.
9. Farm Credit Bank of Texas
Farm Credit Bank of Texas is a wholesale bank providing credit and financial services to member-owned Farm Credit associations in Texas and Louisiana. The organization had a total dollar volume of $4.3 billion in agricultural loans in 2020, making it the ninth-largest farm lender in the country. Farm Credit Bank of Texas provides funding to its member associations, which in turn provide loans to farmers and rural residents in their local communities.
10. Northwest Farm Credit Services
Northwest Farm Credit Services is a member-owned cooperative providing credit and financial services to farmers and ranchers in Idaho, Montana, Oregon, Washington, and Alaska. The organization had a total dollar volume of $4.1 billion in agricultural loans in 2020, making it the tenth-largest farm lender in the country. Northwest Farm Credit Services offers a range of loan products, including real estate loans, operating loans, and equipment financing.
11. United States Department of Agriculture
The United States Department of Agriculture (USDA) is a federal agency providing credit and financial services to farmers and rural residents through several loan programs. The USDA had a total dollar volume of $2.7 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. The agency offers loan products for various purposes, including farm ownership, operating expenses, and emergency needs.
12. U.S. Bank National Association
U.S. Bank National Association is a commercial bank providing credit and financial services to customers across the United States, including farmers and ranchers. The bank had a total dollar volume of $1.9 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. U.S. Bank National Association offers a range of loan products, including real estate loans, operating loans, and equipment financing.
13. Bank of America, N.A.
Bank of America, N.A. is a commercial bank providing credit and financial services to customers across the United States, including farmers and ranchers. The bank had a total dollar volume of $1.8 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. Bank of America, N.A. offers a range of loan products, including real estate loans, operating loans, and equipment financing.
14. AgFirst Farm Credit Bank
AgFirst Farm Credit Bank is a wholesale bank providing credit and financial services to member-owned Farm Credit associations in 15 states in the Southeastern and Mid-Atlantic United States. The organization had a total dollar volume of $1.7 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. AgFirst Farm Credit Bank provides funding to its member associations, which in turn provide loans to farmers and rural residents in their local communities.
15. First National Bank of Pennsylvania
First National Bank of Pennsylvania is a commercial bank providing credit and financial services to customers across the United States, including farmers and ranchers. The bank had a total dollar volume of $1.6 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. First National Bank of Pennsylvania offers a range of loan products, including real estate loans, operating loans, and equipment financing.
16. Bank of the West
Bank of the West is a commercial bank providing credit and financial services to customers across the United States, including farmers and ranchers. The bank had a total dollar volume of $1.5 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. Bank of the West offers a range of loan products, including real estate loans, operating loans, and equipment financing.
17. Compeer Financial, ACA
Compeer Financial, ACA is a member-owned cooperative providing credit and financial services to farmers and rural residents in Illinois, Minnesota, and Wisconsin. The organization had a total dollar volume of $1.4 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. Compeer Financial, ACA offers a range of loan products, including real estate loans, operating loans, and equipment financing.
18. Capital Farm Credit, ACA
Capital Farm Credit, ACA is a member-owned cooperative providing credit and financial services to farmers and rural residents in Texas. The organization had a total dollar volume of $1.3 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. Capital Farm Credit, ACA offers a range of loan products, including real estate loans, operating loans, and equipment financing.
19. First Dakota National Bank
First Dakota National Bank is a commercial bank providing credit and financial services to customers across South Dakota, including farmers and ranchers. The bank had a total dollar volume of $1.2 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. First Dakota National Bank offers a range of loan products, including real estate loans, operating loans, and equipment financing.
20. Zions Agricultural Finance
Zions Agricultural Finance is a division of Zions Bank providing credit and financial services to farmers and ranchers across the Western United States. The organization had a total dollar volume of $1.1 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. Zions Agricultural Finance offers a range of loan products, including real estate loans, operating loans, and equipment financing.
21. Texas Farm Credit, ACA
Texas Farm Credit, ACA is a member-owned cooperative providing credit and financial services to farmers and rural residents in Texas. The organization had a total dollar volume of $1.1 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. Texas Farm Credit, ACA offers a range of loan products, including real estate loans, operating loans, and equipment financing.
22. Sterling National Bank
Sterling National Bank is a commercial bank providing credit and financial services to customers across the United States, including farmers and ranchers. The bank had a total dollar volume of $1.0 billion in agricultural loans in 2020, making it one of the largest farm lenders in the country. Sterling National Bank offers a range of loan products, including real estate loans, operating loans, and equipment financing.
23. Bank of Hawaii
Bank of Hawaii is a