Progressive Farm Credit Services

Name

Progressive Farm Credit Services

Legal name

Farm Credit Southeast Missouri, ACA/FLCA/PCA

Website

https://farmcreditsemo.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

11–50 employees

Short description

Farm Credit Southeast Missouri is a member-owned agricultural lending cooperative serving farmers, ranchers, and rural homeowners across 12 counties in Southeast Missouri through 8 branch offices, offering farm real estate, operating, equipment, and rural home loans plus crop and life insurance.

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 industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Agricultural lending
• Farm credit
• Rural home loans
• Crop insurance
• Operating loans

Headquarters

HQ city

Sikeston

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Farm Real Estate Loans: Long-term loans (up to 30 years) for financing, refinancing, or making improvements to farm real estate. Fully amortized fixed-rate loans with flexible payment terms (annual, semi-annual, quarterly, or monthly). No pre-payment penalty on standard loans.
2. Operating Loans: Short-term financing solutions for farm operating expenses including labor, seed, fertilizer, chemicals, fuel, equipment repairs, feed, electricity, vet expenses, and family living costs. Can be structured as lump sum or revolving line of credit (Credit Line).
3. Equipment and Capital Loans: Financing for equipment, livestock, cattle, and other capital expenses. Includes a revolving line of credit (Capital RLOC) for equipment, breeding livestock, and other capital needs with borrow-and-repay flexibility for up to three years.
4. Rural Home Loans: Rural home financing through variable rate and fixed rate programs. Available to non-farmers for homes in rural areas, including land purchase financing.
5. Crop Insurance: Commission income from selling crop hail insurance, multi-peril crop insurance (GRP, GRIP, CAT), and other crop protection plans through partner insurance companies including Rain and Hail, Farmers Mutual, AgriSompo, Crop Risk Services, and NAU Country.
6. Life Insurance: Term life insurance products including return of premium features, disability riders, credit life, and mortgage life insurance offered to customers to protect their farms and families.
7. Farm Cash Management (FCM): Investment account service linking revolving lines of credit with AgriBank investment bonds. Customer overpayments on credit lines are invested in short-term AgriBank bonds that accrue daily interest. Interest earned is exempt from state and local income tax.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels11 records

Core offering

Farm Credit Southeast Missouri (formerly Progressive Farm Credit Services) is a member-owned agricultural lending cooperative that provides farm real estate loans, operating loans, equipment and livestock loans, rural home loans, crop and life insurance, and cash management services to farmers, ranchers, and rural residents across a 12-county territory in Southeast Missouri. The cooperative operates through eight branch offices plus a central office, supported by the myFarmCredit online and mobile banking platform.

Product overview

Progressive Farm Credit Services (Farm Credit Southeast Missouri) operates as an agricultural lending cooperative offering a comprehensive portfolio of financial products and services tailored to farmers, ranchers, and rural homeowners in Southeast Missouri. The core lending suite includes Farm Real Estate Loans (up to 30-year fixed-rate mortgages), Operating Loans (short-term production financing), Equipment and Livestock Loans (capital financing with revolving credit options), and Rural Home Loans. The company provides a full line of insurance products through partner carriers including Crop Insurance (hail, multi-peril, CAT coverage) and Life Insurance (term, credit life, and mortgage life). The financial services ecosystem includes Farm Cash Management® (AgriBank-backed investment bonds), Credit Line draft writing, Interest Rate Conversions, the PAID Program (electronic transfers), ACH Transfers, Funds Held escrow accounts, and On The Spot Financing for rapid credit decisions. The AgSunrise Program provides specialized support for young and beginning farmers with relaxed credit standards. As a member-owned cooperative, the company distributes profits through a Patronage Refund Program that has returned over $138 million since 1994. Digital access is provided through the myFarmCredit web and mobile platform, Box Secure File Share, and SMS notification services.

Differentiator

Problem solved

Functional benefit

Brands

• AgSunrise Program: Loan program specifically tailored for young and beginning farmers with flexible loan limits and educational opportunities. Criteria: principal operator who is 40 years old or younger, or has 10 years or less experience as a self-employed farmer.

Products and services

• Farm Real Estate Loans Long-term financing for purchasing, refinancing, or improving farmland and agricultural properties. Offers fully amortized fixed-rate loans up to 30 years with flexible payment terms (annual, semi-annual, quarterly, or monthly) and no prepayment penalties on standard products. Available in fixed, adjustable, and variable rate options.
• Operating Loans Short-term financing for day-to-day agricultural operating expenses including labor, seed, fertilizer, chemicals, fuel, equipment repairs, feed, electricity, vet expenses, and family living costs. Available as lump-sum disbursements or revolving credit lines.
• Equipment and Livestock Loans Capital financing for farm equipment, breeding livestock, and other capital expenses. Features a revolving line of credit (RLOC) allowing customers to borrow and repay funds over a three-year period.
• Rural Home Loans Specialized home financing for rural properties, covering land purchases, new construction, and traditional mortgages. Available to non-farmers and includes both variable and fixed rate programs.
• Crop Insurance Full line of crop insurance products including Crop Hail Insurance and Multi Peril Crop Insurance with various coverage levels (GRP, GRIP, CAT). Distributed through partner carriers Rain and Hail, Farmers Mutual, AgriSompo, Crop Risk Services, and NAU Country.
• Life Insurance Term life insurance products including return of premium features and disability riders, plus credit life and mortgage life insurance that pays off loans upon the policyholder's death.
• Farm Cash Management Cash optimization tool that allows customers with revolving lines of credit to invest overpayment funds in AgriBank Investment Bonds, earning tax-exempt daily interest while minimizing interest expenses on the associated loan.
• On The Spot Financing Rapid credit decision service providing financing decisions within 24 hours of application receipt for farm real estate and commercial farm loans under $500,000. Available by phone, fax, or office visit.
• AgSunrise Program Specialized loan program for young (40 years or younger) and beginning farmers (10 years or less experience) with relaxed equity, working capital, and collateral standards. Includes educational resources and coordination with governmental guarantee programs.
• Patronage Refund Program Annual member-owner profit-sharing program distributing cash patronage refunds to borrowers based on loan interest proportion. Has paid over $138 million since 1994, including $9.1 million in 2025 representing an average effective rate reduction of 0.97%.
• myFarmCredit Online Banking Online and mobile banking portal providing 24/7 account access, payment processing, secure messaging, document exchange, and customizable account alerts. Available via web browser and dedicated iOS/Android mobile applications.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Three Rivers CollegecoreStrategic or Co-development Partner · 1 September 2024Farm Credit Southeast Missouri partnered with Three Rivers College to invest in a new agriculture education classroom on the Three Rivers Farm in Fairdealing, MO. The agreement includes Farm Credit Southeast Missouri classrooms at Three Rivers College locations in Poplar Bluff, Dexter, Kennett, and Sikeston. The partnership benefits Southeast Missouri agriculture community as a classroom and meeting/event space for FFA chapters, 4-H clubs, cattleman's associations, and other agriculture organizations. The partnership spans 12 years.
• Rain and Hail InsuranceminorChannel Partner/ Reseller/ DistributorRain and Hail Insurance is one of the crop insurance company partners through which Farm Credit Southeast Missouri offers crop hail and multi-peril crop insurance products to its farmer customers.
• Farmers MutualminorChannel Partner/ Reseller/ DistributorFarmers Mutual is one of the insurance company partners providing life insurance and crop insurance products to Farm Credit Southeast Missouri customers.
• AgriSompominorChannel Partner/ Reseller/ DistributorAgriSompo is one of the crop insurance company partners offering multi-peril and other crop insurance products through Farm Credit Southeast Missouri.
• Crop Risk ServicesminorChannel Partner/ Reseller/ DistributorCrop Risk Services is a crop insurance company partner providing insurance products to Farm Credit Southeast Missouri customers.
• NAU CountryminorChannel Partner/ Reseller/ DistributorNAU Country is a crop insurance company partner providing insurance products to Farm Credit Southeast Missouri customers.
• AgriBankcoreTechnology or IntegrationFarm Credit Southeast Missouri's Farm Cash Management (FCM) program is integrated with AgriBank investment bonds. Customer overpayments on revolving credit lines are invested in short-term AgriBank Investment Bonds that accrue daily interest. AgriBank also sends monthly statements and handles investment account management. Interest earned on FCM accounts is exempt from state and local income tax per the federal Farm Credit Act.
• AgBizInfominorStrategic or Co-development PartnerFarm Credit Southeast Missouri is a proud supporter of AgBizInfo (agbizinfo.com), described as the most comprehensive source of education and business resources for young, beginning, small farmers and ranchers in the United States. The company promotes AgBizInfo as a resource for its customers.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Farm Credit Services of America: Farm Credit Services of America is one of the largest Farm Credit System associations, serving Iowa, Nebraska, South Dakota, and Wyoming with a much larger asset base but a comparable cooperative lending and crop insurance offering.
• Farm Credit Bank of Texas: Farm Credit Bank of Texas is one of four Farm Credit System banks providing wholesale funding and capital markets access to affiliated associations — a structural counterparty and indirect peer within the same Farm Credit System.

Direct peers

• Farm Credit Mid-South: Farm Credit Mid-South is a neighboring Farm Credit System ACA serving western Kentucky, Tennessee, Arkansas, and Missouri with agricultural loans, crop insurance, and rural lending — directly comparable in cooperative structure and crop lending focus.
• AgCountry Farm Credit Services: AgCountry Farm Credit Services is a Farm Credit System ACA serving Minnesota, North Dakota, and Wisconsin farmers with a similar full-service lending and crop insurance product suite — comparable in cooperative structure and rural lending focus.
• COMPEER Financial: COMPEER Financial is a Farm Credit System cooperative serving Illinois, Minnesota, and Wisconsin with agricultural lending, crop insurance, and rural home loans — comparable in cooperative structure, product breadth, and patronage refund model.
• FCS Financial: FCS Financial is another Missouri-based Farm Credit System association serving farmers and ranchers across Missouri with a similar cooperative lending model, directly comparable in product mix and member-owned patronage structure.
• Farm Credit Illinois: Farm Credit Illinois is a Farm Credit System ACA serving southern Illinois farmers with a similar portfolio of farm real estate, operating, and equipment loans plus crop insurance — directly comparable in Mid-South agricultural lending cooperative model.

Regional players

• AgHeritage Farm Credit Services: AgHeritage Farm Credit Services is a neighboring Farm Credit System ACA serving Arkansas farmers — operates in an adjacent geography to Southeast Missouri with a directly comparable cooperative agricultural lending model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/farmcreditsemo
• YouTubeyoutube.com/user/ProgressiveFCS
• Facebookfacebook.com/FarmCreditSEMO
• LinkedInlinkedin.com/company/progressive-farm-credit-services
• Instagraminstagram.com/farmcreditsemo

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 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 Progressive Farm Credit Services