The Boards of Directors of First Farm Credit Services, AgStar Financial Services, and Badgerland Financial unanimously voted to recommend a merger of their three associations to respective members and stockholders.
AgriBank funds the three associations and would need to review it and the Farm Credit Administration would also need to give regulatory approval.
The proposed merger would be finalized with a stockholder vote in 2017.
Rod Hebrink, president and CEO of AgStar Financial was recommended to lead the proposed merged association.
The headquarters of the merge would be in Sun Prairie, Wisconsin.
All office locations will remain with the proposed merged association.