Colonial Farm Credit is part
of the nationwide Farm Credit System, a financial cooperative owned by
its member-borrowers since 1916. Our primary function is to provide
loans, including:
- Farm and country home loans
- Loans for land purchase, home
construction, and improvements
- Loans for buildings, machinery,
livestock and equipment
- Production loans for both full-time
and part-time farmers
- Loans for ag-related businesses
- Wood industry loans for operating
capital, timberland acquisition, standing timber
Our cooperative structure means that a
portion of the profits generated from our lending activity is returned
to our borrowers in the form of patronage refunds. These patronage
refunds are based on the proportion of interest earned on an individual
loan. This significantly reduces the cost of borrowing for our
customers.
The team at Farm Credit are financial
professionals with the experience and knowledge to provide the help you
need when you need it. And we know agriculture and country living. We're
locally operated by people you know and trust.
Our combination of competitive rates,
personal service and extensive local knowledge is unmatched in the
financial world. Just contact us and see what we can do for you.
We serve 50 counties in Virginia and
Maryland, with offices conveniently located near
you.
About the Farm Credit System
The Farm Credit System is a nationwide
network of cooperative lending institutions that provides credit and
financial services to farmers, ranchers, rural homeowners, agricultural
cooperatives, rural utility systems and agribusinesses.
The system was created in 1916 by an act
of Congress and is the largest single provider of agricultural credit in
the United States. However, the real benefit of doing business with Farm
Credit is dealing with a local office
with hometown people who know their business, their communities and
their customers.
Unlike commercial banks, we do not take
deposits. Money is raised by selling system-wide bonds and discount
notes in the securities market on Wall Street. The proceeds are
channeled through Farm Credit System banks, associations and thus
ultimately to our customers involved in agriculture and agribusiness.
AgFirst Farm Credit Bank is the Farm Credit Bank for our district and is
located in South Carolina.
Our Board of
Directors
Media Info
Special information for
young, beginning, and small farmers |
Colonial Farm
Credit, ACA