The History of Capital Farm Credit
A legacy rooted in agriculture.
Capital Farm Credit has a rich history in Texas that spans more than a century, deeply rooted in the agricultural communities we proudly serve. Established in 1916 as part of the Farm Credit System, our mission has always been to support rural America with reliable, consistent credit and financial services.
A century of commitment to rural communities.
Throughout the Great Depression, World War II and countless market shifts, we stood by our members, adapting to their evolving needs while maintaining our commitment to service. As part of the Farm Credit System, we’ve played a crucial role in ensuring the resilience of Texas agriculture, helping generations of producers weather economic storms and thrive.
A future built on trust.
Today, Capital Farm Credit continues to honor its legacy of supporting agriculture and rural living while looking to the future. We’re proud to empower farmers, ranchers and everyone who calls rural Texas home, ensuring their finances remain strong for generations to come. Our history is more than a timeline; it’s a testament to the resilience, dedication and hard work of those who make rural America great.
A timeline of our growth:
Congress passed the Federal Farm Loan Act, which established 12 Federal Land Banks.
The first Farm Credit loan in Texas was made.
Texas became the first association to pay members a dividend on its earnings.
The Farm Credit Act updated the system’s charter and significantly expanded the range of services Farm Credit institutions could offer to include leasing services and rural home mortgages.
The Federal Land Bank of Texas and Federal Intermediate Credit Bank of Texas merged to officially form the Farm Credit Bank of Texas.
After years of serving rural communities across Texas, Capital Farm Credit reached $1 billion in loan volume.
The Board of Directors approved a large $7.5 million Patronage distribution to its membership.
Growth and opportunity led to the association’s merger with Southwest Texas ACA.
Following the addition of territory in Southwest Texas, Capital Farm Credit acquired lending territory in the Texas Panhandle, merging with First Ag Credit.
Finding new ways to serve its customers and ag producers, a partnership with AgDirect was established, and the beginning concepts of the Next Generation (NextGen) Loan Programs were introduced.
The Association continued to blaze trails, releasing crop insurance products for customers.
More ways to support the youth of Texas unfolded with the launch of Capital Farm Credit’s Community Outreach Grant Program, positively impacting change in local communities.
New leadership was announced, and a start of a new era began with the retirement of CFC’s first CEO, Ben Novosad. The Association welcomed Jeff Norte as his successor.
The Association entered uncharted territory, reaching $12 billion in loan volume and announced plans to move to a new headquarters location in College Station, Texas.
Capital Farm Credit opens its new headquarters in College Station, Texas—strengthening our commitment to agriculture and rural communities across the state. This modern facility enhances collaboration, supports growth, and helps us deliver an even better experience for our customers.
