100 years of growing relationships and creating opportunities.
1987
The Agricultural Credit Act
signed into law. The act infused
up to $4 billion into the Farm
Credit System and created the
Farm Credit System Insurance
Corporation.
1985
The Farm Credit System
was holding $69.8 billion in
outstanding loans and the national
farm debt reached $212 billion.
Approximately 28 percent of
American farmers were facing
financial failure. This year, the Farm
Credit System’s losses totaled $2.7
billion, the largest one-year loss
of any financial institution in U.S.
history at the time.
In December the Farm Credit
Amendments Act was signed
increasing FCA oversight and
regulatory powers.
2007
The boards of Farm Credit
Services of Eastern and Western
Missouri ‘s associations voted to
proceed with a merger. The two
officially became Farm Credit
Services of Missouri in July 2002.
FCS Financial
Rural Community
and Agriculture
Foundation
established with
initial funding of $1
million.
FCS Financial distributed
patronage for the first
time in its history. Today
more than $61 million
has been returned to
member-owners.
1988
Prior to the mid-80s, Farm
Credit was recognized through
many corporate identities. The
creation of the biostar resulted
from a national effort to bring all
these various entities under one
identifiable symbol during years
of consolidation and rebuilding
of the Farm Credit System.
1986
FLBA and PCA’s went under
common management to
pool resources and cut costs.
Consolidations in Missouri
were measures taken to ensure
survival. The Central Production
Credit Association was the
outcome to save many PCA’s in
Missouri, Illinois and Arkansas
from insolvency.
2016
2001
2011
2006
Farm Credit Services of
Missouri changed its
name to FCS Financial
to reach the diverse
audience it serves.
As FCS Financial looks
toward the future, an
investment is made in
field offices. Between
2011 and 2016 seven new
offices were built to serve
member-owners.
12 Federal Land Banks