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Three Farm Credit Associations discuss possible merger

Badgerland Financial, AgStar Financial Services and 1st Farm Credit may merge in 2017

Fran O'Leary, Wisconsin Agriculturist Senior Editor

May 31, 2016

1 Min Read

The Boards of Directors of AgStar Financial Services, Badgerland Financial and 1st Farm Credit Services are exploring a merger of the three Farm Credit associations.

"A merger has the potential to help both our members and our organizations continue to grow into the future," says a press release from Badgerland Financial.

Badgerland Financial serves 33 Wisconsin counties in southern Wisconsin. AgStar Financial Services serves 69 counties in Minnesota and northwest Wisconsin. 1st Farm Credit serves the northern 42 counties of Illinois.

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"Currently, our organizations are early in the process of evaluating this potential collaboration with the guidance and assistance of staff and industry experts," according to the press release. "Once our research is complete, all three Boards of Directors will decide whether to move forward. If a merger is deemed appropriate, as cooperatives owned by our member-borrowers, our stockholders will receive further communications and have the opportunity to vote on the proposal."

Rochelle Ripp Schnadt, a spokesperson for Badgerland Financial said if the board agrees, and members vote to move forward with a merger, "we could be looking at an April 1, 2017 date. This date is preliminary and largely dependent on the other steps involved in the study process."

About the Author(s)

Fran O'Leary

Wisconsin Agriculturist Senior Editor, Farm Progress

Fran O’Leary lives in Brandon, Wis., and has been editor of Wisconsin Agriculturist since 2003. Even though O’Leary was born and raised on a farm in Illinois, she has spent most of her life in Wisconsin. She moved to the state when she was 18 years old and later graduated from the University of Wisconsin-Whitewater with a bachelor's degree in journalism.

Before becoming editor of Wisconsin Agriculturist, O’Leary worked at Johnson Hill Press in Fort Atkinson as a writer and editor of farm business publications and at the Janesville Gazette in Janesville as farm editor and a feature writer. Later, she signed on as a public relations associate at Bader Rutter in Brookfield, and served as managing editor and farm editor at The Reporter, a daily newspaper in Fond du Lac.

She has been a member of American Agricultural Editors’ Association (now Agricultural Communicators Network) since 2003.

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