Who we are

Capital Markets

The Capital Markets team is part of Farm Credit Services of America (FCSAmerica), one of the largest, most financially secure lenders in agriculture and dedicated to creating value for rural America.

Our Capital Markets team is composed of seasoned professionals who understand the complexities of large-scale credit financing. We are dedicated to understanding your business, customers and suppliers. As a result, we offer solutions that add value to your business as well as recognize opportunities that contribute to your success.

In general, these relationships include complex transaction documentation and ownership structure, integrated and/or large-scale commercial production, processing and marketing, specialized commodity knowledge and more.

Managed commitments of $11.0 billion.

We represent one of the largest, most experienced sources of credit for agribusiness in the United States. Our commitment to creating value for rural America includes supporting the debt capital needs of the food, fiber and utility sectors through syndicated or participated arrangements involving multiple financial institutions.

DEBT INVESTMENTS

The Debt Investment team helps finance large-scale commercial, cooperative and multinational agribusiness enterprises through strategic "buy and hold" investments in syndicated credit facilities and other debt transactions.

Key relationships with multinational/large commercial lenders and the Farm Credit System provide the capacity necessary to meet the financing needs of regional, national, and international suppliers, marketers, processors and distributors that serve these sectors.

Investment Targets
Industries:	Regional, national and international suppliers, marketers, processors and distributors serving large-scale commercial, cooperative and multinational food, fiber and utility enterprises
Hold Positions:	Up to $165 million
Risk Profile:	"B" to "BBB+" (used as proxy; public rating not required)
Structure:	Syndications, participations, club, private placements
Collateral Type:	Secured and unsecured loans
Pricing:	Market competitive
Convention:	Fixed or variable rate
Tenor:	Revolver (up to 7 years) and term (up to 20 years)

Primary and Secondary Debt Markets Served

Investment Grade
Leveraged
Institutional

Investment Products

Senior Secured/Unsecured
Structured/Project Finance
Private Placement

Industry Concentration

Our experience, knowledge and financial strength enable us to serve the demands of capital-intensive commercial and cooperative enterprises. We are experts at analyzing commercial credit opportunities and working through the intricacies of partnering with financial institutions.

Capital Markets Industry Portfolio
Category	Percent	Color
Beef	2	#000000
Beverage/Food Distr	1	#1BA9CA
Chemical/Fertilizer	2	#003B5C
Dairy Processing	5	#fece31
Energy/Electric	8	#8e8e85
Farm Supplies	3	#e1e1e1
Finance/Credit	1	#F2846A
Fish Production/Process	1	#fece31
Food Processing	6.0	#ffdf7f
Forest & Timber Products	8	#B3D9A9
Fruit, Nut & Vegetable	9	#1BA9CA
Grain Merchandising	7	#a6dbeb
Ingred & Prep Feeds	1	#c0bfbf
Meat/Protein Processing	10	#75C16B
Other	17	#F2846A
Paper & Packaging	5	#f7ac94
Pay TV/Cable Services	2	#75C16B
Sugar	2	#B3D9A9
Telecomm	6	#c0bfbf
Wine & Vineyard	4	#36bdda

Cash-Back Dividend Payments

This marks the 20th consecutive year that FCSAmerica has returned a share of its net earnings to eligible customer owners. The 2023 cash-back dividend totals $357 million. FCSAmerica has now returned more than $3.3 billion to farmers and ranchers since 2004.

Our ability to consistently pay a cash-back dividend for 20 years and counting reflects a remarkable financial strength. In fact, the Board of Directors intends to pay a dividend that has historically approximated 1 percent of a customer’s eligible average daily loan balance each year, barring any unforeseen events.