AgStar Financial Services
Encyclopedia
AgStar Financial Services, ACA is a cooperative
in Mankato, MN owned by over 23,000 client
-shareholders. The company operates in 69 counties located in Minnesota
and northwest Wisconsin
, and is one of the larger Farm Credit associations in the nation. AgStar provides a full range of financial services
, including accounting, appraisals
, business management, consulting
, farm cash management, fleet management
, online banking
and tax planning and preparation. The financial products include a wide range of agricultural loans, leases, crop insurance
, life insurance
, and home mortgages. And as a client-owned cooperative
, AgStar provides solid returns for stockholders through patronage
dividends.
AgStar's Mission: Enhancing Life in Agriculture and Rural America
Cooperative
A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit...
in Mankato, MN owned by over 23,000 client
Customer
A customer is usually used to refer to a current or potential buyer or user of the products of an individual or organization, called the supplier, seller, or vendor. This is typically through purchasing or renting goods or services...
-shareholders. The company operates in 69 counties located in Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
and northwest Wisconsin
Wisconsin
Wisconsin is a U.S. state located in the north-central United States and is part of the Midwest. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. Wisconsin's capital is...
, and is one of the larger Farm Credit associations in the nation. AgStar provides a full range of financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
, including accounting, appraisals
Real estate appraisal
Real estate appraisal, property valuation or land valuation is the process of valuing real property. The value usually sought is the property's Market Value. Appraisals are needed because compared to, say, corporate stock, real estate transactions occur very infrequently...
, business management, consulting
Management consulting
Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....
, farm cash management, fleet management
Fleet management
Fleet management is the management of a company's vehicle fleet.Fleet management includes commercial motor vehicles such as cars, vans and trucks. Fleet management can include a range of functions, such as vehicle financing, vehicle maintenance, vehicle telematics , driver management, speed...
, online banking
Online banking
Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.-Features:...
and tax planning and preparation. The financial products include a wide range of agricultural loans, leases, crop insurance
Crop insurance
Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities...
, life insurance
Life insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...
, and home mortgages. And as a client-owned cooperative
Cooperative
A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit...
, AgStar provides solid returns for stockholders through patronage
Patronage
Patronage is the support, encouragement, privilege, or financial aid that an organization or individual bestows to another. In the history of art, arts patronage refers to the support that kings or popes have provided to musicians, painters, and sculptors...
dividends.
AgStar's Mission: Enhancing Life in Agriculture and Rural America
Executives
| Position | Name |
|---|---|
| President & Chief Executive Officer | Paul A. DeBriyn |
| Sr Vice President, Chief Credit Officer | Joe Deufel |
| Vice President, Managing Director Agri-Access | Paul Erickson |
| Sr Vice President, AgriBusiness Capital | Don Farm, Jr. |
| Vice President, AgriBusiness Capital | Mark Greenwood |
| Sr Vice President & Chief Financial Officer | Rod Hebrink |
| Vice President, HMS & Field Support | Jodie Hermer |
| Vice President, Human Resources | John Hemstock |
| Sr Vice President & General Counsel | David Hoelmer |
| Sr Vice President, Rural Financial Solutions | Wick Manley |
| Vice President, Business Solutions Group | Tim Tracy |