From CEO Curt Hudnutt
When we talk about American AgCredit being ‘built for this’ we mean built for farmers and ranchers, built for agriculture, built for rural communities, and built to serve generations of American agriculture through good times and bad. This past year was another challenging one for our industry. Despite headwinds, the cooperative reported continued strong earnings of $429 million and distributed nearly half of our earnings – over $200 million – back to our customer-owners.
| YEAR ENDED DECEMBER 31 (in thousands) | 2025 | 2024 | 2023 | 2022 | 2021 |
| NET INCOME | $429, 398 | $408,734 | $378,283 | $358,689 | $351,018 |
| PATRONAGE DECLARED | $201,353 | $237,660 | $213,669 | $185,747 | $162,855 |
| PATRONAGE AS % OF NET INCOME | 46.89% | 58.15% | 56.48% | 51.78% | 46.40% |
| LOAN VOLUME | $22,326,071 | $21,779,107 | $20,499,416 | $17,431,808 | $15,934,730 |
| RETURN ON AVERAGE ASSETS | 1.88% | 1.86% | 1.96% | 2.05% | 2.25% |
| SHAREHOLDERS’ EQUITY AS % OF TOTAL ASSETS | 16.28% | 15.75% | 15.96% | 15.25% | 15.79% |
You know your land as well as your own reflection, but the future isn’t always easy to read. With Terrain’s insights, you can map a path through it all.
Producers give their all – and so do we. So, when we say we’re built for this – we mean we’re here, 100% of the way, to help you weather storms, embrace change, grow your business, and withstand the test of time.
From mobile check capture and automatic payments to transferring funds and more, American AgCredit offers secure digital solutions to keep your business running smoothly — on your schedule.
How does a business – a family legacy – grow for more than a century? For the Ela family, it’s the balance of respecting tradition while relentlessly adapting through change with sustainable practices. With just three months to generate a full year’s income, cash flow is critical for their operation—and a revolving line of credit from American AgCredit helps bridge the gap.
In the high desert terrain of Estancia, New Mexico, the land doesn’t offer much forgiveness. For Jordan and Amy Valigura, that challenge is exactly what shaped their operation—and their mindset. Today, Valigura Simmental stands as proof that success in agriculture is about planning smartly, staying flexible, and having the right partner beside you.
