1st Farm Credit Services
1st Farm Credit Services, operating as Compeer Financial, is a member-owned Farm Credit cooperative providing agricultural loans, crop and livestock insurance, rural mortgages, and agribusiness financial services to farmers and rural communities across Illinois, Minnesota, and Wisconsin.
- Company typePrivate
- Founded2002
- HeadquartersNormal, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What 1st Farm Credit Services does
1st Farm Credit Services, doing business as Compeer Financial, ACA, is a member-owned Farm Credit cooperative providing agricultural loans, leases, insurance, and financial services to farmers, ranchers, rural property owners, and agribusinesses across 144 counties in Illinois, Minnesota, and Wisconsin. Founded in 2002 and headquartered in Normal, Illinois, the institution operates within the federally chartered Farm Credit System, which confers a statutory mandate and tax-advantaged status for serving agricultural borrowers.
The product platform is comprehensive and vertically integrated across the rural economy. Core offerings include farmland loans, operating lines, equipment and facility financing, and specialized programs for young and beginning farmers. Insurance products span crop, livestock and dairy, and life and disability coverage. A separate home mortgage division serves first-time rural buyers, hobby farms, and recreational land, while a commercial financing unit addresses food processing, renewable energy, grain and farm supply, and capital markets needs. Supporting agribusiness services — appraisal, cash management, farm tax and accounting, and transition planning — deepen wallet share with member-borrowers.
Revenue mechanics follow the standard cooperative lending model: net interest income on the loan book, insurance premium and commission income, fee-based agribusiness services, and capital markets fees, with residual profits returned to client-stockholders through a patronage program. Distribution relies primarily on a regional network of local offices staffed by field advisors, augmented by an online application portal, digital financial calculators, the Compeer Learning Center for client education, and partner programs for correspondent and Farm Credit referral relationships. No proprietary technology stack, API, or AI/ML infrastructure is disclosed in the available data.
1st Farm Credit Services firmographics
Firmographics- Name
- 1st Farm Credit Services
- Legal name
- Compeer Financial, ACA
- Website
- https://1stfarmcredit.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Short description
- 1st Farm Credit Services, operating as Compeer Financial, is a member-owned Farm Credit cooperative providing agricultural loans, crop and livestock insurance, rural mortgages, and agribusiness financial services to farmers and rural communities across Illinois, Minnesota, and Wisconsin.
- Ownership category
- akta.pro rank
1st Farm Credit Services industry classification
Industry- Product category
- Agricultural Lending
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111), Finance Lessors (6172)
- akta.pro primary industry
- Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)
- akta.pro secondary industry
- Farm Financial Management & Recordkeeping Services (AFACAJAC)
Keywords
Where 1st Farm Credit Services is headquartered
LocationHeadquarters
- HQ city
- Normal
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
1st Farm Credit Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Agricultural Financing: Loans and financing services for farmland, operating expenses, equipment, facilities, and emerging markets in agriculture
- Home Mortgage Services: Mortgage services for rural properties including first-time home buyers, hobby farms, recreational land, and building/construction loans
- Insurance Services: Crop insurance, livestock and dairy insurance, and life and disability insurance products for agricultural clients
- Ag Business Services: Appraisal services, cash management, farm tax and accounting services, and transition planning for agricultural businesses
- Commercial Financing: Food processing and logistics, renewable energy, grain and farm supply financing, and capital markets services
- Patronage Program: Member-owned cooperative returns profits to client-stockholders through patronage program
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
1st Farm Credit Services product offering
Product offeringCore offering
1st Farm Credit Services, operating as Compeer Financial, is a member-owned Farm Credit cooperative that provides agricultural loans (farmland, operating, equipment and facility, starter, and young and beginning farmer financing), rural home mortgages, crop, livestock, dairy, and life and disability insurance, agribusiness commercial financing (food processing and logistics, renewable energy, grain and farm supply, capital markets), and farm business services including appraisal, cash management, tax and accounting, and transition planning to farmers, ranchers, agribusinesses, and rural property owners across Illinois, Minnesota, and Wisconsin.
Product overview
Compeer Financial is a member-owned Farm Credit cooperative offering a comprehensive, multi-product financial services platform. The core offerings center on Agriculture Financing (including Farmland Loans, Operating Loans, Equipment & Facility Financing, Starter Loans, and programs for Young and Beginning Farmers), paired with Insurance products (Crop Insurance, Livestock & Dairy Insurance, Life & Disability Insurance). Supporting services include Ag Business Services (Appraisal, Cash Management, Farm Tax & Accounting, Transition Planning) and Commercial Financing (Food Processing/Logistics, Renewable Energy, Grain & Farm Supply, Capital Markets). A parallel Home Mortgage division serves rural residential needs including first-time buyers, hobby farms, and recreational land. Community investment programs provide Grants, Scholarships, and Rural Entrepreneurs support. The Compeer Learning Center delivers educational content through webinars and courses on farm finance, operations, and business growth. Digital tools including Calculators, Grain Margin Manager, and Balance Sheet Templates supplement the advisory services, alongside the Economic Minute market insight resource and DTN Market Information integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Agriculture Loans Comprehensive financing solutions for agricultural operations including farmland acquisition, operating expenses, equipment purchases, and facility development, targeted at farmers, ranchers, and agricultural producers in Illinois, Minnesota, and Wisconsin.
- Farmland Loans Specialized loans for purchasing and refinancing agricultural farmland, supported by the Compeer Land Locator tool for finding available parcels, intended for farm owners and investors acquiring or refinancing farmland.
- Operating Loans
Companies that use 1st Farm Credit Services
Customer profileSegments5 records
Ideal customer profiles4 records
1st Farm Credit Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
1st Farm Credit Services partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights6 records
1st Farm Credit Services competitors and assessment
Company assessmentDirect peers
- Farm Credit Services of America: Large member-owned Farm Credit cooperative serving Iowa, Nebraska, South Dakota, and Wyoming — comparable multi-state cooperative lending model with crop insurance, ag lending, and capital markets capabilities serving row-crop and livestock producers.
- GreenStone Farm Credit Services: Member-owned Farm Credit cooperative serving Michigan and parts of Wisconsin — directly comparable to Compeer as a multi-state agricultural lender sharing overlapping Wisconsin territory, with a similar mix of ag loans, crop insurance, and home mortgage products.
- Frontier Farm Credit: Member-owned Farm Credit cooperative serving Kansas, Oklahoma, Colorado, and Nebraska — comparable cooperative ag lender with crop insurance, ag lending, and rural home mortgage products across a multi-state service area.
- AgCountry Farm Credit Services: Member-owned Farm Credit cooperative serving Minnesota, North Dakota, and parts of Wisconsin — directly comparable to Compeer given geographic overlap in Minnesota and a similar ag loan + crop insurance + rural home mortgage product set for grain, livestock, and dairy producers.
- Farm Credit Mid-America: Member-owned Farm Credit cooperative serving Ohio, Kentucky, Indiana, Tennessee, and Arkansas — directly comparable as a multi-state ag lender with crop insurance, home mortgage, and ag business services for grain, livestock, and dairy producers.
- Farm Credit East: Member-owned Farm Credit cooperative serving the Northeast (NY, NJ, MA, RI, CT, NH, ME, VT) — directly comparable as a multi-state cooperative offering ag loans, crop insurance, tax and consulting services, and rural home mortgages, with similar breadth of business services.
Broad incumbents
- CoBank: Wholesale Farm Credit System bank providing funding and banking services to Farm Credit cooperatives, agribusinesses, and rural infrastructure providers — broadly comparable as part of the same federally chartered Farm Credit System serving U.S. agriculture, though at the wholesale rather than direct-retail level.
- AgFirst Farm Credit Bank: One of the four funding banks of the Farm Credit System, serving District associations across the Southeast and Eastern U.S. — comparable as a federally chartered cooperative institution in the broader Farm Credit System lending to agricultural borrowers, though operating at the wholesale/bank level rather than retail.
- MetLife Agricultural Investments: U.S. agricultural mortgage lender managed by MetLife Investment Management, providing long-term fixed-rate financing to ag producers — broadly comparable as an institutional farmland and agribusiness lender serving similar borrowers (ranchers, permanent crop growers) with similar mortgage products.
- Federal Agricultural Mortgage Corporation (Farmer Mac): Federally chartered secondary market for agricultural loans, rural utility loans, and rural housing — broadly comparable as a federally-sponsored agricultural credit institution serving the same rural lending ecosystem, with capital markets capabilities that overlap with Compeer's capital markets function.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
1st Farm Credit Services social profiles
Digital presence1st Farm Credit Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
1st Farm Credit Services leadership team
Management profileNumber of profiles
1st Farm Credit Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
1st Farm Credit Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 1st Farm Credit Services
What does 1st Farm Credit Services do?
1st Farm Credit Services, operating as Compeer Financial, is a member-owned Farm Credit cooperative that provides agricultural loans (farmland, operating, equipment and facility, starter, and young and beginning farmer financing), rural home mortgages, crop, livestock, dairy, and life and disability insurance, agribusiness commercial financing (food processing and logistics, renewable energy, grain and farm supply, capital markets), and farm business services including appraisal, cash management, tax and accounting, and transition planning to farmers, ranchers, agribusinesses, and rural property owners across Illinois, Minnesota, and Wisconsin.
Is 1st Farm Credit Services a public or private company?
1st Farm Credit Services is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was 1st Farm Credit Services founded?
1st Farm Credit Services was founded in 2002.
Where is 1st Farm Credit Services based?
1st Farm Credit Services is headquartered in Normal, United States, in the North America region.
How does 1st Farm Credit Services make money?
Six revenue lines are on record. Agricultural Financing is the primary driver. The others are home Mortgage Services, insurance Services, ag Business Services, commercial Financing and patronage Program.
Who are 1st Farm Credit Services's main competitors?
Direct peers on record are Farm Credit Services of America, GreenStone Farm Credit Services, Frontier Farm Credit, AgCountry Farm Credit Services, Farm Credit Mid-America and Farm Credit East. Broad incumbents are CoBank, AgFirst Farm Credit Bank, MetLife Agricultural Investments and Federal Agricultural Mortgage Corporation (Farmer Mac).
Does 1st Farm Credit Services have an API?
No public API is recorded for 1st Farm Credit Services.
What industry is 1st Farm Credit Services in?
1st Farm Credit Services's product category is Agricultural Lending. Its primary akta.pro industry code is FSABAEAG, Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks), with a secondary code of AFACAJAC, Farm Financial Management & Recordkeeping Services. Its SIC code is 6111.