Carolina Farm Credit Aca

What Carolina Farm Credit Aca does

AgSouth Farm Credit is a member-owned cooperative that provides agricultural and rural financing across 147 counties in Georgia, North Carolina, and South Carolina. Founded in 1916 and headquartered at 146 Victory Lane, Statesville, North Carolina, the association operates as part of the federally chartered Farm Credit System, a nationwide network of borrower-owned lending institutions regulated under NMLS #619788. It serves full and part-time farmers, rural landowners, rural homeowners, Young/Beginning/Small farmers, and agribusinesses through a direct-to-consumer model centered on local offices and relationship lenders who understand long-term agricultural cycles.

The company's core product suite consists of Farm Loans, Land Loans, and Home Loans (including construction-to-permanent financing), supplemented by Farm Services (crop insurance and equipment leasing), AgriBusiness Financing for commercial operations, and Capital Markets for larger agricultural financing needs. Member services include a digital banking platform, a Member Resources Program, and a Patronage Program that returned approximately 70% of 2025 net income to members in March 2026. The company also operates an education and ecosystem layer — AGAware Workshops (described as award-winning), AgBiz Online Courses, and the FarmForward Summit — alongside the Growing Our Communities Grant program for non-profits and farmers' markets. Technology footprint is modest: a digital banking platform for account management, payments, and member self-service, with no disclosed AI/ML, API, or proprietary technology assets.

The business model is cooperative lending: revenue is generated primarily through interest income on farm, land, home, construction, agribusiness, and capital-markets loans, plus ancillary income from crop insurance commissions and leasing. Pricing is quote-based and not publicly disclosed, with rates set by individual borrower qualifications and loan type. Net income is largely redistributed to members through patronage refunds, reflecting the cooperative ownership structure. Distribution is direct via local offices, a phone contact center (844.AgSouth), and digital banking channels. The company employs 251–500 people and is governed by a member-elected board of directors.

Name

Carolina Farm Credit Aca

Legal name

AgSouth Farm Credit

Website

https://carolinafarmcredit.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

251–500 employees

Short description

AgSouth Farm Credit is a member-owned Farm Credit System cooperative providing farm, land, home, and agribusiness loans — plus crop insurance, leasing, and education — to farmers, rural landowners, and rural homeowners across 147 counties in Georgia, North Carolina, and South Carolina.

Ownership category

akta.pro rank

Product category

Agricultural Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

akta.pro secondary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Agricultural lending
• Farm loans
• Rural financing
• Land loans
• Agribusiness financing

Headquarters

HQ city

Statesville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Interest Income: AgSouth Farm Credit generates revenue through interest charged on agricultural loans, land loans, home loans, and construction financing provided to farmers, landowners, rural homeowners, and agribusinesses. As a member-owned cooperative, profits are returned to members through a patronage program.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Carolina Farm Credit ACA (operating as AgSouth Farm Credit) is a member-owned cooperative providing agricultural and rural financing across 147 counties in Georgia, North Carolina, and South Carolina. The company offers farm loans, land loans, home loans, construction financing, crop insurance, equipment leasing, agribusiness financing, and capital markets services. It also provides digital banking, a patronage program returning profits to members, and educational resources for farmers.

Product overview

AgSouth Farm Credit is a member-owned cooperative providing agricultural and rural financing across 147 counties in Georgia, North Carolina, and South Carolina. The company offers a comprehensive suite of loan products centered around Farm Loans, Land Loans, and Home Loans, supplemented by Farm Services (crop insurance, leasing), AgriBusiness Financing, and Capital Markets services. Additional value is delivered through Digital Banking, a Patronage Program that returns 70% of net income to members, and education resources including AGAware Workshops, AgBiz Online Courses, and the FarmForward Summit. The portfolio is designed to support farmers, landowners, rural homeowners, and agribusinesses through their complete lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Farm Loans
• Land Loans Loans for purchasing farm land, recreational land, and rural lifestyle properties. Includes financing for farm land, recreational land, and rural lifestyle property acquisitions.
• Home Loans Residential mortgage financing including conventional home loans, construction to permanent loans, and home construction loans for building homes in rural communities.
• Farm Services Additional services for farmers including crop insurance and equipment leasing (from farm implements to fleet vehicles). Provides alternatives to buying equipment.
• AgriBusiness Financing Financing solutions for agricultural businesses and commercial farming operations, including specialized financing for agribusinesses.
• Capital Markets Capital markets services for larger agricultural financing needs, providing complex commercial agricultural financing structures.
• Digital Banking Online and mobile banking platform for members to manage their accounts, make payments, and access financial services.
• Patronage Program Cooperative profit-sharing program that returns a portion of net income to members. Returned 70% of 2025 net income to members.

Quantifiable outcome

• 70% of 2025 net income returned to members through patronage program

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• ArborOne Farm Credit: South Carolina-based Farm Credit System cooperative — adjacent Southeastern territory, identical cooperative structure, similar ag-focused lending products, and patronage-based model.
• AgFirst Farm Credit Bank: A Farm Credit System bank that funds and serves affiliated agricultural lending associations across the Southeast and beyond — overlapping geographic footprint with AgSouth and structurally identical as a Farm Credit System member.
• AgGeorgia Farm Credit: Georgia-based Farm Credit System association providing farm, land, and home loans — sharing AgSouth's core Georgia geography and offering a directly comparable product set to a similar borrower base.
• AgHeritage Farm Credit Services: Arkansas-based Farm Credit System cooperative serving farmers, ranchers, and rural residents — direct peer in cooperative structure, agricultural lending products, and Southeast-adjacent footprint.
• Compeer Financial: One of the largest Farm Credit System cooperatives, providing agricultural lending, crop insurance, and related services across the Upper Midwest — directly comparable in member-owned cooperative structure, product breadth, and patronage model.
• Farm Credit of Florida: Florida-based Farm Credit System association offering farm, land, and home loans to agricultural producers and rural residents — comparable cooperative model and product suite, though serving a different Southeastern geography.
• Farm Credit Services of America: Large Farm Credit System association providing agricultural lending, crop insurance, and leasing across Iowa, Nebraska, South Dakota, and Wyoming — direct peer with comparable product breadth and cooperative structure.
• Farm Credit Mid-America: Member-owned Farm Credit System cooperative serving farmers, rural residents, and agribusinesses across multiple states with farm, home, and land loans — a direct structural and product-line peer to AgSouth Farm Credit.

Broad incumbents

• Farm Credit Bank of Texas: One of the four Farm Credit System banks that funds and supports affiliated lending associations across Texas, Alabama, Louisiana, Mississippi, and New Mexico — broader institutional incumbent in the same Farm Credit network.
• Wells Fargo Agricultural Banking: Large diversified commercial bank with a dedicated ag-banking group serving farmers, ranchers, and agribusinesses nationwide — broad incumbent competing for the same rural borrowers as AgSouth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@AgSouthFC
• Facebookfacebook.com/agsouthfarmcredit
• LinkedInlinkedin.com/company/agsouth-farm-credit
• Instagraminstagram.com/agsouthfarmcredit
• Xx.com/CaroFarmCredit

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carolina Farm Credit Aca