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The strength of the Farm Credit System—united. Delivering significant annual savings and unmatched coverage.

The Farm Credit Captive Insurance Company is a cornerstone of stability for the System—offering collective strength, long-term cost control, and specialized coverage that reflects the unique needs of its owner-members.

The Captive Difference

The Captive evolved into a critical asset for Farm Credit institutions:

  • Saving the Farm Credit System $50M+ annually
  • 40 years of trusted risk leadership
  • Superior coverage terms [compared to the commercial market]
  • Dedicated Claims team serving only Farm Credit
  • “A” rating from A.M. Best every year since 2003


Financial Strength & Strategy

The Captive is executing a multi-year strategy to reduce dependence on the commercial insurance market by expanding coverage lines and strengthening its financial foundation. This self-reliance approach ensures more stable pricing, broader coverage terms, and greater control for Farm Credit entities.

By retaining unused premium dollars and investing them strategically, the Captive continues to grow its surplus. These investments enhance long-term financial stability and position the Captive to increase coverage limits while delivering greater value to its owner-members.

Download the Captive Overview Sheet to learn more about this strategic model.


The Captive in Action: Strengthening the System, Protecting Agriculture

Watch the NEW Captive Testimonial Video

Governance by the Captive Board of Governors

The Farm Credit Captive Insurance Company is overseen by a Board of Governors composed of eight rotating members representing Farm Credit. This includes delegates from each District Bank and their Associations, along with one external Director who brings specialized insurance expertise. The Board plays a critical role in guiding both short- and long-term strategy, offering insights to the Captive’s management team while ensuring the perspectives and priorities of the broader Farm Credit System are reflected in its operations.

Paul Kohls

Paul Kohls

Captive Board Chair

Chief Administrative & Mission Officer, Compeer Financial

 Rachel Angress

Rachel Angress

Captive Board Vice Chair & GNC Chair

Executive Vice President & Chief Legal and Risk Officer, American AgCredit

 Jamie Bumgarner

Jamie Bumgarner

Executive Vice President & Chief Lending Officer, AgFirst Farm Credit Bank

 Laura Conroy

Laura Conroy

SVP and Controller, AgriBank Farm Credit Bank
Tim Curran

Tim Curran

Investment Committee Chair

Chief Risk Officer, CoBank

 Jennifer Robin

Jennifer Robin

Chief Information and Strategic Initiatives Officer, AgSouth

 Nisha Rocap

Nisha Rocap

Audit Committee Chair

Executive Vice President & Chief Audit Executive, Farm Credit Bank of Texas

 Eric Nelson

Eric Nelson

Outside Director

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