News

As a leading agricultural lending cooperative and we are proud to announce the distribution of $12.3 million in cash patronage dividends to our member-borrowers. This distribution effectively reduces our eligible members’ interest rates by almost 1%.

Financing a rural home is different than financing a home in the city, so you’ll have to keep certain considerations in mind. Here’s what you need to know before you buy that little slice of paradise out in the country.

Overall, Alabama's land prices increased 3.2% year-over-year, reaching an average of $3,409 per acre statewide—a new high for the state.

Nick Hartley has officially joined Alabama Ag Credit as our Chief Executive Officer. With over 16 years of experience in the Farm Credit System, Nick brings exceptional leadership and a deep commitment to serving rural communities.

We are proud to announce the recipients of the 2024 JumpStart Grants. From a competitive pool of 67 applications, five recipients were selected to receive $10,000 each to invest in their startup farming operations.

Alabama Ag Credit, together with its partners is proud to announce a collective contribution of over $315,000 in relief aid to support communities impacted by Hurricane Helene.

The borrower-lender relationship is a two-way street. Both parties are trying to reach the same goal from a different direction. Both want to ensure the long-term viability of their businesses, and both have high expectations of the other.

Doug Thiessen has notified the Board of Directors of his intention to retire from his role as president and chief executive officer. Thiessen will continue to serve until his successor is appointed, with his departure scheduled no later than March 31, 2025.

Our stockholders have elected two local agriculture leaders to serve on the board of directors for our financial cooperative.

“Nearly seventy percent of the state of Alabama is covered in trees. People from all walks of life own timberland in Alabama, and as a result, financing timberland and related forestry operations is the largest segment of our $1.3 billion loan portfolio. So, we care about what is happening within the forestry industry, and we partner in many ways with those that are connected to it.”

Buying a rural property—whether it’s land, a farm, or a house out in the country—is a major undertaking that requires a lot of planning. To make the right choice, it’s important that you understand the pros and cons of each loan type.

Our members, Adam & Sarah Temple, of Ashford, AL, took their interests in agriculture to Capitol Hill on June 22.

We would like to thank our members who voted and participated in this year’s Board of Directors Elections. Ballots were tabulated by an independent third party, and the results have been certified and provided to the Association.

Establishing a balance sheet for your farm is essential. Checking in with your farm’s finances using a balance sheet allows you to evaluate the financial health of your business and make adjustments to improve it.

The decision to buy land or a farm shouldn’t be an impulsive one. It takes thorough planning, research, and organization to set yourself up for success and do it properly. Here are 5 steps to put you in a great position to get the property you want and better understand the process.

Announcing the ten - $1,000 scholarships awarded to children and grandchildren of Alabama Ag Credit customers.

In partnership with the Alabama Peanut Producers Association, we donated 11,530lbs of peanut butter to the AICC Autauga Interfaith Care Center and the Selma Area Food Bank.

We are returning $13.1 million of our 2022 net income to farmers and rural landowners in central and south Alabama. Cash-back patronage checks will be mailed on March 23, 2023, and will be in the hands of the member-borrowers shortly.

As a cooperative, we’re proud to support organizations & initiatives that matter to our members.

An RLOC, sometimes called a “revolver,” is an open-ended operating loan that’s preapproved for a specified sum or spending limit. In a way, it’s like a credit card but with the added benefit of a lower interest rate.