ABA/Farmer Mac Alliance
An alliance built for growth
The alliance between Farmer Mac and Business Solutions, a subsidiary of the American Bankers Association (ABA), enables ABA-member banks to receive Farmer Mac I preferred pricing and other important benefits. Five “preferred rate” products receive discounted rates including Farmer Mac’s popular 10- and 15-year fixed rate products. Other discounted products available for ABA members are the 1-month ARM (Prime indexed), 7/1 ARM and 10/1 ARM.
ABA members also receive a streamlined approval process for becoming a Farmer Mac Seller along with customized learning tools, dedicated support through a special email account (ABABanker@farmermac.com) and the ”Alliance Alert” newsletter published quarterly exclusively for ABA members.
Benefits for ABA members began in 2005
The alliance which began in 2005 was renewed in 2011. The press release announcing the renewal of the alliance quoted Bill Kroll, president of ABA’s Business Solutions: “We’re very pleased to renew our agreement with Farmer Mac. Our alliance with Farmer Mac not only provides our member banks with preferred rates on long-term fixed-rate ranch and farm loans, it also enables banks to shift the credit and interest rate risk away from the banks, as well as providing them with increase lending capacity and greater liquidity.”
To learn more about the Alliance, including gaining access to the special discount rates and prices, call 800-879-3276 or email questions to ABABanker@farmermac.com.
A quarterly newsletter for ABA members
“Alliance Alert” is distributed by the ABA to members who are farm lenders.