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The Legacy of Agriculture in Texas and How Farm Credit Keeps It Thriving

Published October 23, 2019

Plains Land Bank has helped to build the agricultural legacy in Texas. Whether it was a small family farm loan or a loan for operation expansion, there is no denying that Plains Land Bank loan programs have played a key role in Texas agriculture.

Are you ready to become a part of the legacy of agriculture and Own a Piece of Texas? A farm loan can help you start living the dream.

Agricultural History in Texas

Modern Texan agriculture began in "Spanish Texas" around 1700. During this early modern farming period, it was more large gardens attached to missionary buildings that would feed the surrounding communities. By the end of the 1700s, one of the first agricultural irrigation systems was built in San Antonio. The success of this first irrigation ditch which was over 2 miles long, was really the birthing of the modern agricultural movement in Texas.

By 1821 when Mexico was liberated from Spain, the Mexican government was trying to encourage Anglo settlers to the region. Each settler that came to Texas to farm would receive about 4,338 acres for livestock and about 177 acres to grow food. American settlers came from the east in droves, eventually taking Texas back from Mexico, and settling large swatches of land for agricultural purposes.

Plains Land Bank And The Farm Credit System

Plains Land Bank was created as part of the Federal Farm Loan Act of 1916 to increase credit for rural family farmers. The act was signed into law by President Woodrow Wilson. Since the beginning, the National Farm Loan Association acted as a cooperative meaning the borrowers also owned shares of the association.

Initially, there was a federal farm loan board, twelve regional farm loan banks and every small community had its own association. Before Plains Land Bank practically every county had a local National Farm Loan Association office. Over time, the associations in our territory came together and formed the Federal Land Bank Association of Amarillo, the Caprock-Plains FLBA and the High Plains FLBA. The associations merged in 1997 and formed Panhandle-Plains Land Bank. In 2015, we simplified our name to Plains Land Bank, but we remain focused on what we do best—helping you own a piece of Texas.

It's Your Turn

Plains Land Bank can help you purchase the land you need to start or expand your farming operation. It's your turn to become a part of the legacy of agriculture in Texas.