TO OUR SHAREHOLDERS Driven. Collaborative. Resilient. As we look back on 2021, we think
We are also deeply invested in the communities where we live and
about how our culture and mission at American AgCredit have led
work. In 2021, our Local Community Impact program provided more
to another remarkable year. While many of us hoped for a return
than $590,000 to food banks and other nonprofit partners working
to “normal” this past year, we continue to live and work in a new
to end hunger and food insecurity. American AgCredit added
environment due to the pandemic. At the same time, we have been
an additional $350,000 in donations through our Holiday Giving
challenged to find new ways to work together, support each other and
Program, directing funds to 23 nonprofit partners across six states.
serve our vital mission in agriculture. As we think about our mission at American AgCredit, it’s important Our nation’s farmers, ranchers and agribusiness operators serve an
to view our business through the lens of our customer owners. How
essential role in our society, delivering a safe and reliable source of
we can best serve farmers, ranchers and agribusiness owners to
food, fuel and fiber to the world. Your work is vital to our national
deliver food and agricultural products to the world. How we add value
security, and we want to thank you for trusting us with your business.
in an increasingly digital world. How we deliver credit and financial solutions in a more efficient manner. And how we do this in a world
We also want to acknowledge the tremendous effort of our more
where the pace of change has never been this fast yet will never be
than 700 American AgCredit employees. In a year with so much
this slow again.
uncertainty, our employees rose to the challenge and delivered record-setting results in the face of adversity. Our employees have performed exceptionally, working together to keep us running seamlessly without any interruption in service to you, our customer owners. Thanks to your hard work and our efforts to increase efficiency in the business, we have outperformed expectations and delivered very strong financial results in 2021. American AgCredit had one of the most successful years in our history in spite of economic uncertainty. Our solid financial position helps ensure that we can serve our mission in good times and bad, regardless of conditions in the marketplace. As a result, we are pleased to return 1% back to you, our customer owners, in the form of a patronage distribution. That translates to a record-breaking $163 million in cash returned to our customer owners for 2021, and nearly $1 billion returned since 2005!
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AMERICAN AGCREDIT
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2021 ANNUAL REPORT
