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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 evolved into a critical asset for Farm Credit institutions:
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.
Watch the NEW Captive Testimonial Video
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
Captive Board Chair
Chief Administrative & Mission Officer, Compeer Financial
Rachel Angress
Captive Board Vice Chair & GNC Chair
Executive Vice President & Chief Legal and Risk Officer, American AgCredit
Jamie Bumgarner
Executive Vice President & Chief Lending Officer, AgFirst Farm Credit Bank
Laura Conroy
SVP and Controller, AgriBank Farm Credit Bank
The Farm Credit Captive is committed to supporting members in managing risk effectively, and governance is one of the most meaningful ways associations can do exactly that.
That's why the Farm Credit Captive has introduced the PGS Premium Credit: a $15,000 annual credit applied to the insurance premiums of Farm Credit banks and associations that demonstrate active investment in board governance education.
The principle is straightforward: strong governance leads to lower risk, which earns lower premiums.
The PGS Premium Credit is available to Farm Credit banks and associations that:
Eligible institutions receive a $15,000 credit applied to their overall insurance premiums in December/January following the year of participation.
The Premier Governance Series (PGS) is a governance education program designed specifically for Farm Credit boards and leadership.
Note: PGS modules — not Director Orientation sessions or FCCS webinars — qualify toward the two-module threshold.
Contact Chad Klawetter at [email protected] or reach out to your FCCS relationship manager.
Stay ahead of emerging risks with quarterly insights from FCCS Risk Management & Insurance Services—designed for Farm Credit leaders and stakeholders.
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