Association News: Patronage

  • Patronage
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    AgCarolina Farm Credit Distributed their 2023 Patronage with Members

    AgCarolina Farm Credit returned and celebrated a patronage distribution of $49 million. AgCarolina Farm Credit recently celebrated another strong patronage distribution, disbursed directly to its members. The all-cash 2023 patronage distributed of $49 million, returned approximately 30% of interest...
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  • Patronage
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    Patronage - Making a Difference in Agriculture

    AgCarolina Farm Credit recently announced a $49 million dollar patronage refund for our member-owners. This patronage distribution reduces interest costs for our borrowers by approximately 1.75%. Farm Credit is unique in that it follows a cooperative model and distributes its profits to our members...
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  • Patronage
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    AgCarolina Farm Credit Announces Patronage Distribution of $49 Million

    AgCarolina Farm Credit announces the distribution of their 2023 patronage distribution to members in early April 2024. The all-cash patronage being paid is $49 million. This patronage is distributed directly to the members of AgCarolina Farm Credit. The amount equates to returning an approximate 30%...
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  • Patronage
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    It’s Your Lucky Day! Another Record-Breaking Patronage Refund

    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...
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  • Patronage
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    Why Patronage? Making a Difference in Agriculture.

    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...
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  • Blog
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    Patronage Refunds—The Cooperative Difference

    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...
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