History

The Federal Land Bank of Baltimore opened its Puerto Rico branch.

Sugar, coffee, grapefruit and pineapples were the most lucrative crops at the time.

Arch. Antonin Nechodoma was commissioned to design the branch’s HQ in Old San Juan’s Tetuan St.

The building still stands and is currently occupied by the PR Chamber of Commerce.

The branch’s name changes to Puerto Rico Production Credit Association.

The Association plays a role in the significant expansion of the tobacco and sugar industries.

First loans granted to cotton farmers.

The Association strongly supported the development of local agribusinesses during these nearly five decades.

Significant changes in this period include:
- The mechanization of the agriculture industry
- New loan programs for cars and homes

When Hurricane Hugo hit the island and destroyed crops, the Association established aid programs for its members.

Puerto Rico Farm Credit, as we know it, is established as a holding company of the Association.

We remain strongly committed to helping farmers, agro entrepreneurs and their families. Now, more than ever, we are eager to support innovation and reinvention in our agricultural sector.