Two U.S. Farm Credit organizations recently announced the intent to merge. The Farm Credit Mid-American and Farm Credit Midsouth merger would create Farm Credit Mid-America. Dane Coomer, Farm Credit Midsouth board chairman, says, “We are excited about the possibility of this merger because the two associations share notable similarities and unique strengths.” Andrew Wilson, Farm Credit Mid-America board chairman, echoed his comments. Farm Credit Midsouth is located in the Mississippi River Delta just west of Memphis and headquartered in Jonesboro, Arkansas. Dan Wagner, current president and CEO of Farm Credit Mid-America, will continue to serve in that role with Louisville, Kentucky as the headquarters. Farm Credit Midsouth’s CEO, James McJunkins, previously announced his plan to retire at the end of February 2023. Combining the associations would yield approximately $36 billion in owned and managed assets, with nearly 1,650 team members serving more than 137,000 customers in 391 counties across six states.
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