High Plains Farm Credit

What High Plains Farm Credit does

High Plains Farm Credit, ACA is a borrower-owned agricultural lending cooperative operating as part of the federally-chartered Farm Credit System. Founded in 1916 (with its first agricultural loan made in Larned, Kansas in 1917), the association is headquartered in Hays, Kansas and operates a network of six branch offices across the state, serving more than 4,000 customer-stockholders with 101–250 employees. Its core offerings include long-term Ag Loans and Leasing Programs (real estate, equipment, livestock), revolving Operating Lines of Credit, Young and Beginning Farmer (YBS) loans, and Rural 1st country home loans, complemented by a risk-management stack of Crop Insurance, Pasture/Rangeland/Forage (PRF) insurance, and Livestock Risk Protection (LRP) insurance administered in partnership with USDA's Risk Management Agency.

The cooperative's technology backbone is a secure online and mobile banking platform built on 128-bit SSL encryption and VeriSign digital authentication, supporting mobile check deposit, funds-held/cash-collateral accounts, loan calculators, and an agricultural land search tool. Underlying the platform, AI-enabled fraud monitoring screens checks and ACH transactions for suspicious activity. Customers access services through field-based loan officers who conduct on-site farm visits, supplemented by digital self-service channels and a Student Board of Directors program with Fort Hays State University.

The revenue model rests on three streams: net interest income from variable-rate agricultural loans (the largest stream), transaction/commission income from federally subsidized crop and livestock insurance products, and patronage dividends — a cooperative mechanism that returns a portion of net income to customer-stockholders. The association declared a record $14.2 million in patronage for 2021, indicating meaningful earnings capacity. Pricing is usage-based for operating credit (daily-balance interest), contract-based for term loans, and transaction-based for LRP (with USDA subsidizing 20–35% of premiums). Customer concentration is intentionally diffuse across farms, ranches, and agribusinesses in Kansas, with targeted programs for young/beginning/small producers and cattle operators.

Name

High Plains Farm Credit

Legal name

High Plains Farm Credit, ACA

Website

https://highplainsfarmcredit.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

101–250 employees

Short description

High Plains Farm Credit is a borrower-owned Farm Credit System cooperative providing agricultural loans, operating lines of credit, crop and livestock insurance, and rural home loans to 4,000+ farms, ranches, and agribusinesses across Kansas through six branch offices.

Ownership category

akta.pro rank

Product category

Agricultural Lending

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Personal Credit Institutions (6141)

akta.pro primary industry

Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links) (AFAAAFAO)

akta.pro secondary industry

Farm Financial Management & Recordkeeping Services (AFACAJAC)

Keywords

• Agricultural lending
• Crop insurance
• Farm operating loans
• Rural home loans
• Agricultural appraisal

Headquarters

HQ city

Larned

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Agricultural Loan Interest: Interest income generated from agricultural loans including operating lines of credit, real estate loans, equipment loans, and livestock loans. Loans are priced at variable interest rates with daily balance changes.
2. Crop Insurance Services: Commission income from offering crop insurance, Pasture Rangeland Forage (PRF) insurance, and Livestock Risk Protection (LRP) insurance products through USDA Risk Management Agency programs.
3. Patronage Dividends: As a cooperative, the organization returns net income to customer-stockholders through patronage dividend distributions, funded by loan interest and fee income.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

High Plains Farm Credit is a borrower-owned agricultural credit cooperative that provides agricultural loans (operating lines of credit, real estate loans, equipment loans, livestock loans), crop and livestock insurance, rural home loans, and farm appraisal services to farms, ranches, and agribusinesses across Kansas. As part of the Farm Credit System, it returns net income to customer-stockholders through patronage dividends.

Product overview

High Plains Farm Credit is a borrower-owned agricultural financial cooperative providing a comprehensive suite of lending and insurance products for farms, ranches, and agribusinesses in Kansas. The core product portfolio centers on Ag Loans and Leasing Programs for long-term financing needs, Operating Lines of Credit for short-term seasonal expenses, and specialized Young and Beginning Farmer Loans. Risk management is addressed through Crop Insurance Services, Pasture/Rangeland/Forage (PRF) Insurance, and Livestock Risk Protection (LRP) Insurance. Rural home financing is offered through Country Home Loans with Rural 1st. As a cooperative, the association offers Patronage Dividends to return net income to customer-stockholders. Digital services include Online Banking, Mobile Banking, Loan Calculator, and Agricultural Land Search tools.

Differentiator

Problem solved

Functional benefit

Products and services

• Ag Loans and Leasing Programs Long-term agricultural financing for livestock, equipment, real estate, and agribusiness operations with flexible terms and competitive rates, targeted at Kansas farms, ranches, and agribusinesses.
• Operating Lines of Credit Revolving credit lines providing financial stability for farms and ranches to cover input, operating, labor, and equipment expenses through all seasons and cycles, priced on variable interest rates with daily balance calculations and drafting privileges.
• Young and Beginning Farmer Loans (YBS Program) Flexible financing programs tailored for young, beginning, and small farmers and ranchers who may not meet typical loan underwriting standards.
• Livestock Risk Protection (LRP) Insurance Federally subsidized insurance program administered by USDA's Risk Management Agency (RMA) that protects cattle producers from market price declines while allowing them to benefit from rising markets, with coverage levels from 70% to 100% and premiums subsidized 20%-35%.
• Crop Insurance Services Expert crop insurance services providing strategy for risk management against unforeseen weather, low yields, and falling prices for crop producers in Kansas.
• Pasture, Rangeland, Forage (PRF) Insurance Insurance coverage designed to protect livestock operations against forage production losses due to drought or other covered conditions.
• Country Home Loans with Rural 1st Rural home financing programs for purchasing, constructing, improving, repairing, or maintaining a dwelling in rural areas.
• Agricultural and Farm Appraisal Services Professional agricultural and farm appraisal services to determine property values for lending purposes.
• Patronage Dividends Cooperative benefit program that returns net income to customer-stockholders, putting more money back in their pockets, including a record $14.2 million declared for 2021.
• Online Banking Secure online banking platform with 128-bit SSL encryption and VeriSign digital authentication, enabling customers to manage accounts, view statements, make payments, and access mobile deposit functionality.
• Mobile Banking Mobile banking application allowing customers to conduct banking transactions, deposit checks via photo upload, and access funds on-the-go.

Quantifiable outcome

• More than $34 billion in combined row-crop losses nationwide (2026 industry context)
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Farm Credit Council ServicescoreOthers · 27 May 2026High Plains Farm Credit participates in the Farm Credit Council Services Women of Distinction program, which provides leadership development opportunities for women in agriculture. Customer-stockholder Lindy McMillen was selected for this program representing HPFC.
• Kansas 4-H FoundationminorGTM or Marketing Partner · 18 May 2026HPFC donated $7,500 to the Kansas 4-H Foundation ($25 per ballot from 2025 director elections) to support youth in agriculture. The partnership extends HPFC's stockholder impact to Kansas' largest youth development organization.
• USDA Risk Management Agency (RMA)coreOthersHPFC offers Livestock Risk Protection (LRP) insurance, a federally subsidized program administered by USDA's Risk Management Agency. The RMA subsidizes 20-35% of premiums and sets coverage parameters including maximum insurable head counts.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Farm Credit Services of America: Large Farm Credit System ACA serving Iowa, Nebraska, South Dakota, and Wyoming. Same borrower-owned ACA structure with ag lending, crop insurance, and patronage dividends, competing for similar farmer/rancher customers in adjacent geographies.
• Compeer Financial: Farm Credit System ACA serving Illinois, Minnesota, and Wisconsin. Offers the same cooperative lending, crop insurance, and patronage dividend structure as HPFC, with comparable rural and agribusiness customer segments.
• Frontier Farm Credit: A fellow Farm Credit System ACA serving eastern Kansas with a similar mix of ag lending, crop insurance, and patronage dividends. Operates in overlapping territory with HPFC and competes for the same farmer/rancher customers.
• AgCountry Farm Credit Services: Farm Credit System ACA serving Minnesota, North Dakota, and Wisconsin. Provides ag real estate loans, operating lines of credit, crop insurance, and patronage refunds under the same federal charter as HPFC.
• AgHeritage Farm Credit Services: Farm Credit System ACA serving Arkansas and surrounding states. Closest size peer to HPFC with comparable branch footprint, ag lending focus, crop insurance, and patronage dividend structure.
• American AgCredit: Farm Credit System ACA operating across California, Kansas, Oklahoma, Colorado, New Hampshire, and other states. Direct peer in product offering (ag loans, crop insurance, appraisal) and cooperative structure.
• Farm Credit of Western Kansas: Farm Credit System ACA covering western Kansas, providing agricultural loans, crop insurance, and appraisal services. Most directly comparable in geography, charter, and product set to High Plains Farm Credit.
• Farm Credit Mid-America: Large Farm Credit System ACA serving Indiana, Ohio, Kentucky, and Tennessee. Same ACA structure, same patronage model, similar product suite (operating loans, real estate loans, crop insurance) but at significantly larger scale.

Broad incumbents

• Rabobank: Global Dutch-headquartered bank with a large U.S. agricultural lending franchise serving farmers, ranchers, and agribusinesses. Competes with HPFC for mid-to-large agribusiness borrowers but at significantly broader geographic and product scale.

Others

• CoBank: Farm Credit System funding bank that provides wholesale funding and capital markets services to HPFC and other Farm Credit associations. Not a competitor but the key upstream capital infrastructure provider that enables HPFC's loan portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HighPlainsFarmCredit

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 High Plains Farm Credit