What Alabama Ag Credit does

Alabama Ag Credit is a borrower-owned financial cooperative headquartered in Montgomery, Alabama, operating since 1916 as part of the nationwide Farm Credit System. The cooperative provides agricultural, rural land, and rural home financing across 40 Alabama counties through nine branch offices staffed by local relationship lenders who make credit decisions in-region. Its product suite spans three core categories — Land Loans (rural property, homesite), Agricultural Loans (timber, crop production and livestock, equipment, poultry, agribusiness), and Home Loans (barndominiums, rural home construction) — plus ancillary services including leasing through Farm Credit Leasing, life and disability insurance via FCS Life Express, and cash management tools (AgVantage PAID automatic payments, FastCash phone service, AgSweep integration with Wells Fargo).

The cooperative generates revenue primarily through net interest income on its loan portfolio, with borrower-members eligible for an annual patronage refund typically around 1% of interest paid, structurally redistributing cooperative earnings back to members. Customer segments are concentrated in farmers and agricultural operations (primary), rural landowners, young/beginning/small farmers (YBS), service members and veterans, agribusinesses, and rural homebuyers. Supporting technology is conventional digital banking — a web portal and iOS/Android mobile applications with remote check deposit and online loan application — augmented by domain-specific calculators (Land Loan Calculator, Trigger Yield Calculator for crop insurance revenue protection) and the AgBiz Basics e-Learning program for beginning farmers.

Go-to-market is hybrid: relationship-driven enterprise field sales through nine branches with a 'Find My Lender' matching tool, complemented by self-serve digital lending, inside sales via customer service (800-579-5471) and FastCash phone service, and a member-driven referral program ($100 per qualified referral). The cooperative does not take deposits and does not compete with community banks for checking or savings, focusing exclusively on credit and related services. Marketing emphasizes community presence through the Alabama AgCast podcast, FFA/4H sponsorships, the Young AgVisory Council, and Sweet Grown Alabama founding membership.

Name

Alabama Ag Credit

Legal name

Alabama Ag Credit

Website

https://alabamaagcredit.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

51–100 employees

Short description

Alabama Ag Credit is a borrower-owned Farm Credit System cooperative providing agricultural, rural land, and rural home financing across 40 Alabama counties through nine branches, serving farmers, ranchers, rural landowners, agribusinesses, and young/beginning/small farmers since 1916.

Ownership category

akta.pro rank

Product category

Agricultural Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

akta.pro secondary industries

SBA/Government-Backed & Development Finance Loans (FSAKAGAI), SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

Keywords

• Agricultural lending
• Rural home loans
• Farm credit
• Land financing
• Cooperative lending

Headquarters

HQ city

Montgomery

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Agricultural Lending: Interest income generated from loans to farmers, agribusinesses, and rural landowners including term loans, operating lines of credit, and construction financing for agricultural purposes.
2. Land Loans: Financing for land purchases, refinancing, and improvements for farmland, timberland, recreational property, and rural homesites. Generates interest income through mortgage loans.
3. Rural Home Loans: Financing for rural homes, homesites, barndominiums, and rural home construction including one-time close construction loans combining construction and permanent financing.
4. Patronage Program: As a cooperative, returns a portion of earnings to borrower-members through patronage refunds. This effectively lowers cost of borrowing while creating member loyalty and repeat business.
5. Leasing Services: Equipment and asset leasing through Farm Credit Leasing partnership, providing flexible financing options for vehicles, equipment, storage facilities, and farm buildings.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Alabama Ag Credit is a borrower-owned agricultural lending cooperative that finances farmland, timberland, rural homes, agricultural operations, and agribusinesses across 40 Alabama counties. It provides land loans, agricultural production loans, equipment financing, poultry loans, rural home construction loans, and agribusiness loans, supplemented by cash management services, insurance, leasing, and member benefit programs such as patronage refunds and JumpStart grants for beginning farmers.

Product overview

Alabama Ag Credit is a borrower-owned cooperative providing agricultural, land, and rural home financing across Alabama. The company offers a comprehensive suite of loan products including Land Loans (Rural Property Loans, Homesite Loans), Agricultural Loans (Timber, Crop Production and Livestock, Equipment, Poultry, Agribusiness), and Home Loans (Barndominiums, Rural Home Construction). Specialized programs serve Young, Beginning & Small Farmers through the New Generation Loan Program, JumpStart Grants, and Vendor Voucher Program. Cash Management Services include Online Banking, AgVantage PAID automatic payments, FastCash phone transactions, and AgSweep (linked Wells Fargo integration). Member benefits include the Patronage Program returning earnings to borrowers, Referral Program, Scholarship Program, and Service Member Savings. Additional offerings include Life and Disability Insurance through FCS Life Express, Farm Credit Leasing for equipment, and educational resources like AgBiz Basics and the Young AgVisory Council. The company also sponsors the Alabama AgCast podcast and Sweet Grown Alabama foundation.

Differentiator

Problem solved

Functional benefit

Brands

• Alabama AgCast: A podcast covering news and information of interest to the agriculture community of Alabama.
• AgVantage PAID
• FastCash
• JumpStart
• Vendor Voucher
• Young AgVisory Council

Products and services

• Land Loans Financing for purchasing, refinancing, or improving rural land including farmland, timberland, recreational property, and homesites. Includes term loans, lines of credit, and customizable repayment options for rural landowners.
• Rural Property Loans Loans for rural land including farmland, timberland, and recreational property. Covers land purchases, refinancing, and property improvements such as wells, fences, lakes, and land clearing.
• Homesite Loans Loans to purchase land for future home construction, allowing buyers to secure property and build later. Terms up to 15 years with fixed and adjustable rate options and no repayment penalties.
• Agricultural Loans Tailored financing for agricultural operations and agribusinesses, supporting the specific needs and production cycles of farming operations including adjustable/fixed rates and customized repayment options.
• Timber Loans Financing for timberland, sawmills, processing facilities, reforestation, and operating expenses. Customized for the long-term investment cycle of forestry operations with term loans, lines of credit, and refinancing options.
• Crop Production and Livestock Loans Financing for crop and nursery operations (planting, harvesting, irrigation), cow-calf and stocker operations (pasture, feed, veterinary), and general agricultural improvements including barns, fences, equipment, and storage facilities.
• Equipment Loans Financing for new and used farm and forestry equipment including tractors, irrigation systems, tillage/planting/harvesting equipment, and timber processing machinery. Includes short-term loans and lines of credit.
• Poultry Loans Loans for poultry farm purchases, refinancing, poultry house construction, and facility improvements. Offers variable or fixed interest rates and flexible repayment options matching operation cash flow.
• Agribusiness Loans Capital solutions for agribusinesses including businesses that process/market agricultural products (sawmills, cotton gins, peanut processors, feed mills, seafood processors) and farm-related service providers.
• Home Loans Rural home financing for purchasing, constructing, or improving country homes on acreage. Covers conventional construction, barndominiums, manufactured/modular homes with competitive rates and terms up to 30 years.
• Barndominium Loans Financing for barndominium construction, conversion, or purchase. Covers metal building kits, custom builds, and barn-to-home conversions with fixed and variable rate options up to 30 years.
• Rural Home Construction Loans One-time close construction loans combining construction and permanent financing. Features interest-only payments during 12-month construction period and fixed-rate terms up to 30 years with fewer closing costs.
• New Generation Loan Program Flexible financing program for young (35 or younger), beginning (10 years or less), and small (less than $350,000 gross farm income) farmers. Covers land purchases, improvements, refinancing, agricultural production, livestock, and equipment.
• JumpStart Grants Beginning farmer grant program awarding five $10,000 grants annually to farmers who have started within the past two years or plan to start within the next year, located in the 40 counties served.
• Vendor Voucher Program Program paying vendor fees for small farmers to sell direct to consumers at certified farmer's markets. Provides up to $300 for members and up to $100 for non-members in the lower 40 counties served.
• Cash Management Services Suite of cash flow management tools including Online Banking, AgVantage PAID (automatic payments), FastCash (phone transactions), Lockbox Accounts, Wire Transfers, AgriLine+, and AgSweep (linked Wells Fargo account).
• Life and Disability Insurance Insurance products through FCS Life Express partnership providing access to life and disability insurance from major insurance companies. Full-time consultants work with customers to find appropriate coverage.
• Farm Credit Leasing Flexible leasing options through CoBank Farm Credit Leasing for equipment, vehicles, facilities, and assets including tractors, irrigation, buildings, storage, forestry equipment, and more with potential tax benefits.
• Service Member Savings Program Program providing up to $1,500 off loan origination fees for active duty service members, veterans, National Guard, and reservists. Applied at initial loan application, not retroactive.
• Online Banking (ABOL) Secure 24/7 online portal for accessing loan balances, payment options, and year-end tax documents. Includes mobile app for iOS and Android devices with biometric authentication support.

Quantifiable outcome

• Patronage refunds typically return approximately 1% of interest paid back to members
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Sweet Grown AlabamacoreStrategic or Co-development PartnerAlabama Ag Credit is a founding member of Sweet Grown Alabama, a non-profit foundation that enhances marketing opportunities for Alabama farmers by connecting retailers and consumers to Alabama grown foods and agricultural products. Farmers, product makers, restaurants, retailers, and others are encouraged to join the branding program.
• FCS Life ExpresscoreStrategic or Co-development PartnerInsurance partner providing life and disability insurance products to Alabama Ag Credit customers. FCS Life Express works with multiple insurance companies to evaluate customer needs and present appropriate coverage options. Full-time insurance consultants help customers find best-fit solutions.
• Farm Credit LeasingcoreStrategic or Co-development PartnerLeasing partnership through CoBank Farm Credit Leasing providing flexible equipment and asset leasing solutions. Access to more than 15,000 types of assets including vehicles, equipment, storage facilities, and farm buildings. Part of Farm Credit System with decades of rural operation experience.
• Alabama Cooperative Extension SystemminorStrategic or Co-development PartnerPartnership providing Farming Basics app and educational resources for beginning farmers. Alabama Ag Credit directs customers to Extension resources for farming information and connects with Extension programs for agricultural education.
• AgBizInfominorStrategic or Co-development PartnerEducational resource partner providing business tools and information for young, beginning, and small farmers and ranchers. Alabama Ag Credit refers YBS customers to AgBizInfo for education and business planning resources.
• Alabama Farm CreditcoreStrategic or Co-development PartnerPartner in special poultry mortality handling financing program. Alabama Ag Credit and Alabama Farm Credit jointly created financing program to help poultry growers across Alabama move quickly on needed upgrades for mortality handling equipment.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Alabama Farm Credit: Alabama Farm Credit is a fellow Farm Credit System association operating in Alabama, providing agricultural, land, and rural home loans with a parallel cooperative structure. The two associations have even partnered on a joint poultry mortality financing program, indicating highly overlapping customer segments and product offerings.
• First South Farm Credit: First South Farm Credit is a Farm Credit System association serving Alabama, Louisiana, Mississippi, and Tennessee with agricultural and rural lending. It is a direct peer in terms of product set (land, ag, rural home loans) and target customer (farmers, agribusinesses, rural landowners), with overlapping service territory in parts of Alabama.
• AgGeorgia Farm Credit: AgGeorgia Farm Credit is a Southeast Farm Credit System association offering agricultural production loans, land loans, and rural home financing to farmers and rural residents in Georgia. Highly comparable cooperative model, product mix, and customer base, with adjacent Southeast geography.
• Farm Credit of Florida: Farm Credit of Florida is a Farm Credit System association providing ag, land, and rural home loans across Florida. Operates with the same cooperative structure, FCA regulation, and Farm Credit funding model, serving a comparable customer profile of farmers, ranchers, and rural landowners in a neighboring Southeast state.
• Farm Credit Bank of Texas: Farm Credit Bank of Texas is the funding bank for Alabama Ag Credit and several other Farm Credit associations across the Southeast. While structurally a wholesale/affiliate rather than a retail competitor, it provides a directly comparable Farm Credit System lending and funding model and operates within the same regulatory and governance framework.
• AgFirst Farm Credit Bank: AgFirst Farm Credit Bank is one of the four Farm Credit System funding banks, serving associations in the Carolinas, Florida, Georgia, Maryland, and Virginia. Comparable Farm Credit System operating model, agricultural lending focus, and cooperative structure, with adjacent Southeast service territory.
• Compeer Financial: Compeer Financial is one of the largest Farm Credit System associations in the U.S., serving Illinois, Minnesota, and Wisconsin with agricultural loans, crop insurance, and rural lending. Directly comparable cooperative model, product mix (ag operating, land, equipment, home loans), and customer base of farmers, agribusinesses, and rural residents.

Broad incumbents

• Wells Fargo Agricultural Banking: Wells Fargo's Agricultural Banking group is a major commercial bank ag lender with a national footprint. It competes broadly with Farm Credit associations in agricultural operating loans, real estate lending, and equipment finance, and is also a technology integration partner for Alabama Ag Credit's AgSweep product.
• Regions Bank (Agribusiness): Regions Bank is a major Southeast commercial bank headquartered in Birmingham, Alabama, with an agribusiness and commercial banking practice serving farmers, agribusinesses, and rural businesses. It competes with Alabama Ag Credit in agricultural operating loans, equipment financing, and rural real estate lending within the same Alabama footprint.

Emerging players

• Farm Bureau Bank: Farm Bureau Bank is a niche ag-focused bank affiliated with Farm Bureau that offers loans, savings, and insurance products to farmers and rural Americans. Overlaps with Alabama Ag Credit on agricultural and rural lending but with a different distribution model (Farm Bureau state affiliates) and a narrower cooperative/Farm Credit System presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubepodcasts.apple.com/us/podcast/alabama-agcast/id1533320967
• Xx.com/AlabamaAgCredit
• Facebookfacebook.com/AlabamaAgCredit
• LinkedInlinkedin.com/company/alabamaagcredit

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Alabama Ag Credit