Capital Farm Credit Acquires Two Texas Agencies

The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies.

Bennett Crop Insurance and Taylor Crop Insurance have joined Capital Farm Credit’s Insurance Services Group. Both were independent insurance agencies headquartered near Lubbock, Texas. These acquisitions add nine new employees and two new locations to CFC’s territory.

Bennett Insurance, located in Brownfield, Texas, has been family-owned and operated since 2004 and serves several counties in the Panhandle. Taylor Crop Insurance has been in business for more than 40 years, starting as a family-owned agency in Ropesville, Texas. Taylor Crop Insurance focuses mainly on serving cotton producers in Lubbock and Hockley counties.

Capital Farm Credit is an agricultural lending cooperative in Texas and has offered crop and livestock insurance for over 10 years

Topics
Mergers & Acquisitions
Texas
Agencies
Agribusiness

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