Farm Credit of Florida

What Farm Credit of Florida does

Farm Credit of Florida, ACA is a member-owned agricultural credit association operating within the federally chartered Farm Credit System. Founded over 100 years ago and headquartered in West Palm Beach, the cooperative provides specialized lending products — farm operating loans, rural home loans, land loans, equipment loans and leasing (including the dealership-based EXPRESS program), and crop insurance — to farmers, ranchers, growers, and rural property buyers across 36 counties in north central, southwest, and south Florida. The organization manages over $1 billion in assets and distributes profits back to member-borrowers through a patronage program ($17.5 million distributed in 2021), effectively reducing members' cost of borrowing and reinforcing the cooperative ownership model.

The technology stack centers on digital banking delivery rather than proprietary platforms: AccountAccess online banking, iOS/Android mobile apps, and automated payment and cash-management services including AutoDraft, Agriline, FastCash, AutoBorrow (integrated with Bank of America), and AgSweep (integrated with Wells Fargo). Loan origination is initiated through the apply.farmcredit.net portal or via local service centers staffed by relationship-based loan officers with direct agricultural backgrounds. The cooperative also operates a dedicated Next Generation Farmers program targeting Young, Beginning, and Small (YBS) farmers in partnership with USDA's Farm Service Agency.

Revenue is generated primarily through interest income on agricultural loans, supplemented by crop insurance commissions, equipment leasing fees, and ancillary financial services. The pricing model offers competitive fixed and variable rates with cooperative patronage distributions effectively subsidizing member borrowing costs; Florida documentary stamp and intangible tax exemptions on land loans provide additional savings. Distribution combines direct lending through local service centers, dealership-based equipment financing via Farm Credit EXPRESS, real estate agent referral channels, and industry association engagement (Florida Farm Bureau, Florida Cattleman's Association, Florida Fruit and Vegetable Association).

Name

Farm Credit of Florida

Legal name

Farm Credit of Florida, ACA

Website

https://farmcreditfl.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

101–250 employees

Short description

Farm Credit of Florida, ACA is a member-owned agricultural lending cooperative serving farmers, ranchers, and rural property buyers across 36 Florida counties with farm loans, land loans, home loans, equipment financing, and crop insurance, distributing profits back to members via patronage.

Ownership category

akta.pro rank

Product category

Agricultural Lending

NAICS

Credit Unions (522130)

SIC

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

akta.pro primary industry

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

akta.pro secondary industries

Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links) (AFAAAFAO), Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Agricultural lending
• Rural home loans
• Land financing
• Equipment leasing
• Crop insurance

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Agricultural Lending: Farm Credit of Florida generates revenue primarily through interest income on loans extended to farmers, ranchers, rural homeowners, and land purchasers. As a cooperative, it distributes a portion of earnings back to members through its patronage program, effectively reducing net borrowing costs. Additional revenue is generated from crop insurance services, equipment leasing, and other financial services offered to member-borrowers.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Farm Credit of Florida is a member-owned agricultural credit cooperative that provides specialized lending and financial services to Florida's farmers, ranchers, rural homeowners, and land buyers. Its core offerings include farm operating and construction loans, rural home loans, land loans with no acreage limitations, equipment loans and leasing, and crop insurance. The cooperative distributes a portion of profits back to member-borrowers through its patronage program, with $17.5 million distributed in 2021.

Product overview

Farm Credit of Florida is an agricultural lending cooperative offering a comprehensive suite of financing products for farms, rural homes, and land across Florida. The core product portfolio includes farm loans, home loans, land loans, equipment loans/leasing, and crop insurance, with specialized programs for next-generation farmers. The cooperative model enables member benefits through a patronage program that distributes profits back to borrowers. Digital banking services including AccountAccess online and mobile platforms support account management, while payment services like AutoDraft, Agriline, FastCash, AutoBorrow, and AgSweep provide automated fund transfer and cash management capabilities. The company services customers across 36 counties in north central, southwest, and south Florida.

Differentiator

Problem solved

Functional benefit

Products and services

• Farm Loans Agricultural loans for farm operating costs, construction, and equipment financing for farmers and ranchers in Florida. Includes financing tailored to agricultural cycles with competitive fixed and variable rates and patronage-eligible terms.
• Home Loans Rural home financing options for customers seeking to live on acreage in Florida's countryside. Includes manufactured homes on permanent foundations, construction-to-permanent loans, up to 95% LTV for conventional loans, USDA/FHA/VA loans, and terms up to 30 years. No acreage limitations.
• Land Loans Flexible land financing options for purchasing rural properties, recreational land, or unimproved acreage with no maximum acreage limitations. Documentary stamp and intangible tax exempt in Florida; competitive fixed and variable rates; fixed rate options up to 20 years.
• Equipment Loans & Leasing Financing and leasing solutions for agricultural equipment including tractors, combines, implements, irrigation systems, material handling, processing equipment, buildings, and vehicles. Features fixed rates with no prepayment penalties, used and new equipment programs, leasing with no downpayment, custom lease terms, and buyout/renewal options. The Farm Credit EXPRESS program enables 20-minute approval at dealerships.
• Crop Insurance Risk management coverage for livestock, dairy, pasture, and various Florida crops including citrus, blueberries, and vegetables. Multiple insurance providers offer various coverage levels. Backed by staff with over 75 years of combined policy writing experience. Crop insurance customers are eligible for cooperative membership benefits including patronage distributions.
• Next Generation Farmers Program Special loan programs designed for young (35 or under), beginning (10 or fewer years experience), and small farmers (under $350,000 annual sales) to help new agricultural producers enter the industry. Includes partnerships with FSA guarantee programs and educational resources.
• Patronage Program Member-owned cooperative structure where profits are returned to borrowers as patronage distributions, with $17.5 million distributed in 2021. Effectively lowers the cost of borrowing for member-borrowers.
• AccountAccess Digital Banking Online account management platform allowing 24/7 access to account information, loan statements, payments, and fund transfers, with mobile app availability for iPhone (App Store) and Android (Google Play).

Quantifiable outcome

• Members save approximately $55 per $1,000 borrowed through Florida documentary stamp and intangible tax exemptions on land loans
• +2 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Farm Service Agency (FSA)coreStrategic or Co-development PartnerFarm Credit of Florida works closely with FSA and their guarantee programs to help young, beginning, and small farmers get into business and stay in business. This government partnership provides credit guarantees that enable the cooperative to extend financing to higher-risk agricultural borrowers who may not otherwise qualify.
• 360 Degrees of Financial LiteracyminorStrategic or Co-development PartnerReferral and educational resource partner for the Next Generation Farmers program, helping new farmers access financial literacy education and resources.
• Florida Organic GrowersminorStrategic or Co-development PartnerEducational resource partner for young and beginning farmers, providing organic farming education and certification guidance for Next Generation Farmers.
• UF/IFAS Small Farms WebsiteminorStrategic or Co-development PartnerUniversity of Florida Institute of Food and Agricultural Sciences partner providing research-based agricultural education and small farm resources to Next Generation Farmers.
• Farm Credit UniversityminorStrategic or Co-development PartnerEducational partner providing ongoing professional development and agricultural financial education resources for Farm Credit members and borrowers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Alabama Ag Credit: A neighboring Farm Credit System ACA serving Alabama agriculture. Highly comparable as a regional agricultural cooperative lender with overlapping commodities (cotton, cattle, poultry), similar product structure, and an overlapping Southeast U.S. customer base.
• Farm Credit of New Mexico: A Farm Credit System ACA serving New Mexico agriculture. Comparable as a state-level member-owned cooperative lender; Farm Credit of Florida's own CLO (Clint Bower) previously served as SVP/Director of Commercial Development here, underscoring direct operational comparability.
• Farm Credit of America (FCA): A large Farm Credit System association serving multiple Midwestern states. Comparable as a member-owned agricultural cooperative lender with similar loan product sets (farm, land, equipment, home loans) and a patronage-based member-benefit model.
• Farm Credit of Northwest Florida: A fellow Farm Credit System ACA serving the panhandle and northwest Florida. Directly comparable as a member-owned agricultural cooperative lender operating under the same federal charter and serving an overlapping geography.

Broad incumbents

• Farm Credit Bank of Texas: A wholesale Farm Credit System bank serving ACAs across the Southwest and Southeast U.S. Comparable as a system-level Farm Credit institution that funds and supports association-level agricultural lenders including those operating in Florida-adjacent territories.
• AgFirst Farm Credit Bank: One of the four funding banks of the Farm Credit System and Farm Credit of Florida's wholesale funding relationship. Comparable as a Farm Credit System institution providing capital, technology, and shared services to ACAs including Farm Credit of Florida.
• Yadkin Bank / First Bank (Truist agricultural banking): Large commercial banking franchises (Truist, Bank of America) maintain dedicated agricultural banking divisions. Comparable as broad incumbents serving Florida farmers with operating loans and equipment financing, though they lack the cooperative patronage advantage and specialist-only focus of Farm Credit of Florida.

Regional players

• Suncoast Credit Union: A large Florida-based credit union with consumer and select commercial lending. Comparable as a Florida-headquartered member-owned financial institution with overlapping digital-banking and consumer/home-loan capabilities; Farm Credit of Florida's CHRO previously served as VP HR here.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/farmcreditfl
• Facebookfacebook.com/farmcreditofflorida
• LinkedInlinkedin.com/company/farm-credit-florida
• Instagraminstagram.com/farmcreditofflorida

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Farm Credit of Florida