Here to Serve You for 100 Years
When any one of us faces a tough challenge, we sometimes need a
little help to either lift our spirits or carry us through those hard
times. And if we look, we can usually find someone who will help
us make tomorrow better than today. That might sound a lot like
the sermon you heard in church recently, but the message applies
to every other aspect of our lives too.
Alabama Ag Credit was created 100 years ago to serve in such a capacity for those in agriculture
and rural America. In the early 20th century, times were hard and access to rural credit
was difficult at best. So our elected officials in Washington, D.C., studied problems facing
rural families and determined that a cooperative credit system was needed. Representatives
were even sent to Europe to study land-mortgage banks and other institutions that promoted
agriculture and rural development.
As a result, in 1916, Congress passed and President Wilson signed the Federal Farm Loan
Act that basically started what is known today as the Farm Credit System. That action 100
years ago is what we are celebrating in 2016.
Today, Alabama Ag Credit is one of the 74 independently managed and cooperatively owned
local lending institutions that compose Farm Credit. We exist for the benefit of those who
do business with us, and we know that this year of celebration will also be a challenging year
for many of our customers. But that’s why Farm Credit was created. We have been and will
be an organization that can help carry you through those bad times even as we look forward
to the good ones. The board of directors and employees of this association serve you, our
customers, with a deep passion because we know the contributions that you make to your
local communities and the world.
Over the years, Congress has made changes to laws that govern Farm Credit. What has
remained consistent, however, is the mission that Farm Credit serves. We are here to be that
reliable and consistent source of credit to agriculture and rural communities — we have
done that for 100 years, and we hope to do it for 100 more. Please join us as we celebrate
the centennial of Farm Credit in 2016. Truly, we are here to help you make your tomorrow
better than today.
Chief Executive Officer