Capital Markets

Seasoned professionals who understand the complexities of large-scale credit financing.

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 in excess of $8.7 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.

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
Beverage/Food Distr 2.0
Credit/Finance 1.92
Dairy Processing 6.31
Energy/Electric 6.29
Farm Supplies 2.5
Fish Production/Process 1.48
Food Processing 4.82
Forest & Timber Products 9.01
Fruit, Nut & Vegetable 11.27
Grain Merchandising 4.68
Other 14.69
Paper & Packaging 5.44
Pay TV/Cable Services 2.3
Prep Feeds & Ingred 1.80
Protein/Meat Processing 12.06
Sugar 1.88
Telecomm 6.78
Wine & Vineyard 4.79

Cash-Back Dividend Payments


In December 2021, the Board of Directors approved a cash-back dividend equal to 1% of a customer’s eligible daily loan balance for a total payout of $296.5 million that was distributed in January 2022. Since 2004, we’ve returned more than $2.6 billion in earnings to customer-owners.

Our ability to consistently pay a cash-back dividend for 18 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.

Cash-Back Dividends in Basis Points

2021 Cash-back Dividends Payout Chart

*Cash paid (in millions). Multiplying the eligible average daily loan balance by basis points determines cash paid.

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

Why work with us

Industry expertise and strong performance in all cycles

Industry expertise and strong performance in all cycles

 
Sizeable hold positions

Sizeable hold positions

 
Ability to "match fund" most maturities

Ability to "match fund" most maturities

Diversifies funding access

Diversifies funding access

 
No ancillary product sales to customers

No ancillary product sales to customers

 
Buy and hold

Buy and hold

 

Capital Markets Team

For more information, call us at 800-884-3276.