Alabama Farmers Federation (ALFA)

Alabama Farmers Federation (ALFA)

Alabama Farmers Federation (ALFA) was established to represent Alabama farmers and operates a defined benefit pension plan. Jimmy Parnell serves as president of both the federation and Alfa Insurance. ALFA maintains a portfolio that includes direct ownership of Alfa Insurance, Alfa Mutual Insurance Company, Alfa Life Insurance Corporation, Trexis, and Alfa Realty. Confirmed holdings include Hallmark Farm in Warrior and Alfa Centennial Park in Clanton, both under development as mixed-use agricultural and event sites. The fund also holds a position in Ardian Secondary Fund IX. Geographic exposure centers on Alabama with additional service centers in Georgia and Mississippi. The organization employs no disclosed investment professionals beyond its executive leadership. ALFA maintains two foundations: Alabama Farmers Agriculture Foundation established in 2009 and Alfa Foundation established in 2014. Recent sponsorship activity includes the Young Farmers Conference in February 2026 and the Women's Leadership Conference in April 2026. ALFA's structure integrates pension management with 100 percent ownership of an insurance operating company, creating a closed-loop model where investment returns support both member benefits and the federation's insurance and real estate businesses.