Press Releases 2010 2009 2008

Wednesday - August 11, 2010
2010 2nd Quarter Stockholder Report
The 2010 second quarter Stockholder Report is now available.
2010 Second Quarter Report (PDF)

Tuesday - May 4, 2010
Spring 2010 Newsletter
With a solid customer base, American AgCredit remained strong and stable through 2009. Despite a volatile financial market, we had strong earnings this past year. While 140 commercial banks failed during 2009, American AgCredit distributed $15.8 million of net income to its members. This brings the total to $80 million that American AgCredit has returned to its customers in the past five years.
View the Spring 2010 Newsletter (PDF)

Monday - April 26, 2010
2010 1st Quarter Stockholder Report
The 2010 first quarter Stockholder Report is now available.
2010 First Quarter Report (PDF)

Monday - March 8, 2010
2009 Annual Report
The past year provided your Association with both difficult challenges as well as enormous opportunities. During a year in which more than 140 commercial banks failed and credit markets retreated, your Association thrived.
2009 Annual Report (PDF)

Friday - February 19, 2010
American AgCredit pays $15.8 Million in Cash Dividends
American AgCredit, the nation’s 7th largest Farm Credit cooperative, has announced the distribution of $15.8 million of net income to its members. This brings the total to $80 million that American AgCredit has returned to its customers in the past five years. Including American AgCredit’s latest merger with Farm Credit of the Heartland, the combined total distributed to customers in the same period soars past $100 million.
American AgCredit pays $15.8 Million in Cash Dividends (PDF)

Thursday - February 4, 2010
American AgCredit Contributes Matching Funds for Haiti Relief
In a program broadcast January 14, 2010, American AgCredit agreed to match dollar for dollar all funds donated by employees in a two-week period. By Friday, January 29, American AgCredit employees had donated $5,255, bringing combined contributions going to the American Red Cross International Response Fund - Haiti Fund to $10,510.00.
American AgCredit Contributes Matching Funds for Haiti Relief (PDF)

Tuesday - December 1, 2009
Fall 2009 Newsletter
After a special meeting held October 22, the stockholders of American AgCredit and Farm Credit of the Heartland approved the merger of the two organizations by an overwhelming margin. In addition, the Heartland stockholders also approved the issuance of Preferred H stock.
View the Fall 2009 Newsletter (PDF)

Friday - October 30, 2009
2009 3rd Quarter Stockholder Report
The 2009 third quarter Stockholder Report is now available.
2009 Third Quarter Report (PDF)

Monday - October 26, 2009
American AgCredit Merges with Kansas-Based Lender Farm Credit of the Heartland
American AgCredit has announced the merger with Farm Credit of the Heartland (Heartland), based in Wichita, Kansas, effective November 30, 2009. The merger will make the joint Association the 7th largest Farm Credit cooperative in the U.S., totaling $4.8 billion in assets, and creating a combined customer base of 6,430 members.
Press Release (PDF)

Friday - October 16, 2009
Grand Opening Set for New American AgCredit Temecula Office
A Grand Opening ceremony will be held on Thursday, October 22 at 2:00 p.m. to celebrate the opening of the new American AgCredit office in Temecula. Completed in just over seven months (February 20 to September 25) by Lusardi Construction Company, the office is located within the Westside Business Park at 42429 Winchester Road, and provides agricultural financing for nurseries, citrus and avocado groves, poultry operations, wineries and vineyards, alfalfa farms, dairies and other specialty crops located in San Diego, Riverside, San Bernardino, Los Angeles, and Orange counties.
Press Release (PDF)

Thursday - August 13, 2009
Summer 2009 Newsletter
Farm Credit shines as a model GSE. According to a special report recently released by the Congressional Oversight Panel (COP), the agricultural sector has fared better than the broader economy. Despite the current instability in the economy, the Farm Credit System continues to make credit available for agriculture and rural areas, and provided almost $1 billion in new credit to agriculture during the first quarter of this year. In addition, the entire Farm Credit System returned over $2.6 billion to its owners during the last five years, money that stays in agriculture and contributes to our members’ success.
View the Summer 2009 Newsletter (PDF)

Monday - August 3, 2009
2009 2nd Quarter Stockholder Report
The 2009 second quarter Stockholder Report is now available.
2009 Second Quarter Report (PDF)

Wednesday - May 13, 2009
Spring 2009 Newsletter
"After three consecutive years of strong growth, your Association is heading into the second quarter of 2009 more tempered but still very strong. Overall, we’re well-capitalized and have solid credit quality throughout our portfolio. With more than $748 million in equity, as an Association we’re in a position to work with you through tough economic times."
View the Spring 2009 Newsletter (PDF)

Wednesday - March 4, 2009
2008 Annual Report
Continued growth, record earnings. Those four words fly in the face of all the news issued from the financial sector of our economy during the past year. Yet they accurately describe American AgCredit’s results for 2008. While other institutions may be struggling just to keep their doors open, your Association is paying out another $14.7 million in cash dividends to you, our members - payback for your continued support and patronage.
2008 Annual Report (PDF)

Wednesday - February 25, 2009
American AgCredit pays California/Nevada Farmers and Ranchers More Than $14.7 Million in Cash Dividends
Agricultural lender gives cash back to borrowers.
Press Release (PDF)

Monday - February 23, 2009
American AgCredit To Host A.G. Kawamura, California State Food & Agriculture Secretary, at Dinner Event
Dinner scheduled for Thursday, March 12 at the San Joaquin County's Robert J. Cabral Agricultural Center
Press Release (PDF)

Monday - February 9, 2009
Groundbreaking for New American AgCredit Temecula Office
New building combines Escondido & Riverside offices.
Press Release (PDF)

Monday - January 26, 2009
Open House Set for New American AgCredit Stockton Office
Local officials to cut ribbon at San Joaquin Ag Center on Friday, Feb 6.
Press Release (PDF)

Wednesday - December 3, 2008
Fall 2008 Newsletter
"With all the negative headlines surrounding Fannie Mae and Freddie Mac, it is important to point out that American AgCredit and the Farm Credit System, while also government-sponsored enterprises (GSE) like Fannie and Freddie, are sound, thriving and successfully fulfilling its mission of service to agriculture and rural America."
View the Fall 2008 Newsletter (PDF)

Monday - November 3, 2008
2008 3rd Quarter Stockholder Report
The 2008 third quarter Stockholder Report is now available.
2008 Third Quarter Report (PDF)

Tuesday - May 27, 2008
Lands of America
American AgCredit has teamed up with the largest rural listing service ever, Lands of America, to offer a powerful tool to real estate professionals for showcasing their ag properties. If you would like to have your ag properties listed, please take a look at our Lands of America flyer and the Lands of America properties listing!

Monday - April 28, 2008
2008 1st Quarter Stockholder Report
The 2008 first quarter Stockholder Report is now available.
2008 First Quarter Report (PDF)

Thursday - March 22, 2008
2007 Annual Report
As the saying goes, records were meant to be broken. In 2007, your Association soared to new heights and achieved record highs for loan volume, assets serviced, net income, return on assets, H stock issued and several other performance measures. The Association was also the lead lender on the largest single transaction ever recorded in the history of the Farm Credit System, a deal totaling $1.3 billion.
2007 Annual Report (PDF)

Tuesday - February 5, 2008
Cash Dividends - 2008 Press Release
"American AgCredit, the nation’s 7th largest Farm Credit cooperative, has announced the distribution of $19.8 million in net income to its members. Following last year’s dividend payment of $18.0 million, the company has disbursed almost $50 million to its members in the past 36 months."
View Full Press Release