This paper examines the 2023 performance of the 1,442 banks that specialize in lending to agriculture. These farm banks employ 75,475 workers.
The ABA definition of “farm bank” for the purposes of this report has changed over time. In 2012, ABA made the decision to include institutions, previously excluded, with more than $1 billion in assets as these institutions grew in number and importance to our country’s farmers and ranchers. In addition, due to changing reporting requirements and improved availability of data, ABA began to include savings and loan associations in this report.