Feeder Finance Corporation (NFFC) was formed in 1931 in order to
provide capitalization to livestock marketing cooperatives wanting
to create livestock credit corporations to provide financing to
livestock producers. Through the years, many of these credit corporations
flourished and have been competitive sources of dependable credit
for their borrowers.
In recent years,
NFFC was recapitalized in order to place more direct control of
the stock in the credit corporation in the hands of the livestock
marketing cooperatives, and to enable those credit corporations
to repurchase their stock if they desired. The redemption of this
stock, and the money made available, has given National Feeder Finance
Corporation the ability to again invest in their members, which
has been one of the functions of the organization since its founding.
The Board of Directors of NFFC is the same as that of the National
Livestock Producers Association.