Governance Opportunities

The Board of Directors is responsible for the safe and sound operation of AgCountry Farm Credit Services, ACA (“Association”), and for ensuring the Association fulfills its public mission. Directors are accountable to customer-stockholders and Farm Credit System (“System”) investors for:

• Overseeing the Association’s strategic direction and objectives
• Overseeing the Association’s organizational performance
• Providing competent Association leadership and management
• Ensuring appropriate risk oversight, including sound internal controls and compliance
• Ensuring that information and disclosures provided to customer-stockholders and System investors are accurate and reliable
• Diligently and impartially performing their duties as Directors
• Exercising independent judgment
• Remaining loyal to the Association’s interest

Director candidates must meet the following eligibility criteria:

• Must be a voter of Class D voting stock
• Must have outstanding loan commitment(s) with the Association
• Must maintain loan(s) in compliance with Association policies and standards
• Must reside or have their headquarters within the Association’s chartered territory
• Must not have reached 70 years of age on or before the Director’s term begins
• May not have restructured indebtedness with a System institution at any time
• May not have been an employee of a System institution within one year of election
• May not serve as directors, officers, employees, or agents of a financial institution or any other entity that engages directly in the business of providing financing or Risk Management Agency approved products offered by the Association

Director candidate qualifications sought by the Nominating Committee include an understanding of cooperative principles, a passion and commitment to serve the Association and System stakeholders, and knowledge or experience in the following areas:

• Strategic Direction and Counsel
• Governance Effectiveness
• Organizational Performance
• Risk Oversight
• Talent Management
• Communication
• Technology

Directors are generally elected to a four-year term, unless the election is to fill a Board vacancy. An average of 20 days are required per year to attend Board, committee, and planning meetings. Additional days may be required for Director training and development courses or conferences. Related travel time for these events varies by Director. Meetings are primarily conducted in person, but some may be by conference call or video conference.

Directors receive a monthly retainer for meeting preparation and conference calls, plus a per diem for each day of official Association business and related travel expenses. The Board of Directors periodically reviews compensation to ensure it is competitive with other boards.

The Nominating Committee is responsible for sourcing, evaluating, and nominating a qualified slate of candidates for stockholder election to the Association’s Board of Directors and the next Nominating Committee.

Nominating Committee candidates must meet the following eligibility requirements:

• Must be a voter of Class D voting stock
• Must have an outstanding loan commitment with the Association
• Must not be a Director, employee, or agent of the Association
• Must reside or have their headquarters within the Association’s chartered territory

Nominating Committee members are elected to a one-year term. There are at least three meetings per year, including:

• A conference call to review expectations for souring, evaluating, and nominating candidates
• A meeting to evaluate candidate applications for the Board of Directors and the next Nominating Committee
• A meeting to interview identified Director candidates and finalize all candidate slates

Nominating Committee members receive a per diem for their time and travel expenses incurred for meeting attendance. 

When you click the “Submit Application” button, you will be directed to the application page. The application requests biographical information, including education, business experience, and several essay-style questions regarding your experience and interest in leadership.

Yes. As you fill out your application, there is an option to save your progress. You can return to review and make edits prior to submitting it.

If you have questions about whether you are a voting stockholder, please contact a member of our Corporate Governance team by email or calling 1-800-531-3905.

You will receive an email confirmation when you submit your application. The Nominating Committee will review applications between November through February and will share the slating results once the work of the Nominating Committee is completed by the end of March. The Corporate Governance team will stay in touch with candidates throughout the process.