AgTrust Farm Credit Begins a New Era in Texas and New Mexico
AgTrust Farm Credit is excited to announce its official merger between the former associations of Lone Star Ag Credit and Ag New Mexico Farm Credit Services. With its headquarters based in Fort Worth, Texas, and Joe Hayman remaining Chief Executive Officer, AgTrust is poised to continue making a significant impact in the agricultural industry.
This merger, which was completed in early December, resulted in a larger and stronger cooperative with approximately $3 billion in total assets and over $450 million of capital. The decision to pursue this merger was unanimous by both associations’ boards of directors, recognizing the potential for growth and diversity through the joint collaboration.
“With roots dating back over 106 years, AgTrust Farm Credit will further its mission to add value to rural communities and support agriculture in the regions we serve,” shares Chief Executive Officer, Joe Hayman. “We see a bright future for the Association and the customer-owners we serve.”
AgTrust serves nearly 8,000 stockholders and has around 150 employees. The new association has 19 offices and serves 81 counties throughout Texas and New Mexico. It provides financing tailored to the needs of full and part-time farmers and ranchers as well as agricultural-related businesses and rural landowners.
About AgTrust Farm Credit
As a member of the nationwide Farm Credit System, AgTrust Farm Credit provides financing for Farm, Ranch and Recreational Real Estate, Farm and Ranch Operations, Construction, Equipment, Agribusiness Capital, and Rural Homes. Its lenders provide expertise for those who have long tenures in agriculture or are new to farming, ranching, or owning rural land.
AgTrust is headquartered in Fort Worth, Texas. Branch offices are across Texas and New Mexico in Abilene, Albuquerque, Cleburne, Clovis, Corsicana, Denton, Fort Worth, Georgetown, Hillsboro, Lampasas, Las Cruces, New Boston, Paris, Roswell, Sherman, Stephenville, Sweetwater, Waco, and Weatherford.