What is voting stock, and who can buy it?
Voting stock is stock required to be purchased as a condition to receiving a loan. Stock ownership provides the right to vote on all matters which stockholders have the right to decide under the Farm Credit Act, Farm Credit Administration regulations or your association’s bylaws. Voting stock can be purchased only by farmers, ranchers/producers, harvesters of aquatic products, and other rural property owners. Following cooperative principles, each member normally has only one vote regardless of the number of shares owned. The par value of each share is $5.00, which is also the purchase price.
