Farm Credit of New Mexico is a FCS

Agricultural Credit Association In the United States, the Agricultural Credit Association (ACA) is an institution of the Farm Credit System that has direct lending authority to make short-, intermediate-, and long-term loans to agricultural producers, rural homeowners and some f ...

that provides

New Mexico ) , population_demonym = New Mexican ( es, Neomexicano, Neomejicano, Nuevo Mexicano) , seat = Santa Fe , LargestCity = Albuquerque , LargestMetro = Tiguex , OfficialLang = None , Languages = English, Spanish ( New Mexican), Navajo, Ker ...

's farmers, ranchers, agricultural business, farm co-operatives and homeowners in rural communities with loans and banking services related to commercial and consumer needs. Headquartered in

Albuquerque Albuquerque ( ; ), ; kee, Arawageeki; tow, Vakêêke; zun, Alo:ke:k'ya; apj, Gołgéeki'yé. abbreviated ABQ, is the most populous city in the U.S. state of New Mexico. Its nicknames, The Duke City and Burque, both reference its founding in ...

, it is the largest agricultural lender serving New Mexico."Ag lender puts up millions to stem loss of young farmers"
''New Mexico Business Weekly'', April 15, 2005, accessed August 27, 2008. It is within both CoBank's and

Farm Credit Bank of Texas Farm Credit Bank of Texas, part of the US Farm Credit System, serves as a wholesale lender and business-service provider to 14 local borrower-owned Farm Credit associations in Alabama, Louisiana, Mississippi, New Mexico and Texas. Farm Credit Ba ...

's charter territories. In recent years, Farm Credit of New Mexico has placed increased emphasis on expanding lending opportunities to the state's younger farmers and ranchers. In 2006, the institution launched a $250,000 scholarship program based at

New Mexico State University New Mexico State University (NMSU or NM State) is a public land-grant research university based primarily in Las Cruces, New Mexico. Founded in 1888, it is the oldest public institution of higher education in New Mexico and one of the state's tw ...

. This program provides a $2,000 annual scholarship the children and grandchildren of Farm Credit of New Mexico members' enrolled as undergraduates at the university."Farm Credit gives $250,000 for endowed scholarship at NMSU"
, ''High Plains/Midwest Ag Journal'', December 15, 2005, accessed August 27, 2008.

References

External links

* Farm Credit System Companies based in Albuquerque, New Mexico Agriculture in New Mexico {{NewMexico-stub