Shareholders approve farm credit associations’ merger
Shareholders have approved a merger proposal bringing together two Farm Credit organizations serving Minnesota, North Dakota, and Wisconsin.
AgCountry Farm Credit Services and Farm Credit Services of North Dakota will merge under the name AgCountry Farm Credit Services, beginning Jan. 1, 2022. The merged organization will operate in 82 counties throughout parts of Minnesota, North Dakota, and Wisconsin with 46 branch offices.
Headquartered in Fargo, the association will serve over 25,000 member-owners, and have over $10 billion in assets.
“We want to first thank our shareholders for exercising their right in helping shape the future of our cooperative,” said Ed Hegland, board chair of AgCountry Farm Credit Services. “From the beginning, both boards felt a merger would provide our member-owners with greater long-term benefits, and this vote further affirms that belief.”
Farm Credit Services of North Dakota Board Chair Bryan Ankenbauer, said, “Our commitment to serving agriculture and rural America will only grow stronger with this merger. We look forward to the new opportunities that will be created while keeping the best interests of our members at the center of all that we do.”