Association News: Patronage

We recently announced that we have another record-breaking patronage refund for our customer-owners. We were able to reduce interest costs for our borrowers by approximately 2.76% by returning profits. Farm Credit is unique in that it follows a cooperative model and distributes its profits to our...

Being able to share profits with our customers through patronage is something we get excited about. Most businesses don’t do this, but when you borrow from Farm Credit, you become a customer-owner, and therefore, are entitled to profits of the Association as declared by fellow farmers that are...

Get excited! Patronage distribution day is right around the corner, it’s almost your lucky day as we distribute a record-breaking patronage! This year we are handing out $31 Million of our profits to you, our customer-owners. “For the second year in a row, we are able to deliver a record patronage...

AgCarolina Farm Credit Board of Directors declares a $31 million cash patronage to be distributed back to their customer-owners in early 2022.