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AgStar
From Wikipedia, the free encyclopedia
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AgStar Financial Services was a US Farm Credit System Agricultural Credit Association (ACA) that provided a wide range of farm and rural credit programs and services across 67 countries in Minnesota and northwest Wisconsin.[1][2] AgStar offered a variety of financial products including agricultural loans, leases, crop insurance, life insurance, and home mortgages.[3][4][5][6] The financial services offered include appraisals, money market accounts, online banking, and other consulting services.[7][8]
As an cooperative ACA, AgStar was owned by 15,200 client-shareholders who received returns through patronage refunds.[2][9] The organization was headquarterd in Mankato, MN[1] and is one of the larger Farm Credit associations in the nation. It is located within AgriBank Farm Credit Bank's district, who acts as a wholesale lender for AgStar.[1] For 2015 it reported $123.9 million in net profit and $8.36 billion in assets, up from the 2014 reported values of $117.4 million in net profit and $7.67 billion in assets.[9][10]
On July 1, 2017, AgStar Financial Services, Farm Credit Services and Badgerland Financial merged to form Compeer Financial. The merger was approved from the Farm Credit Association.[11]
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