AGCAROLINA FARM CREDIT ANNOUNCES PATRONAGE DISTRIBUTION OF $48.5 MILLION

Greenville, NC — AgCarolina Farm Credit announces the distribution of their 2024 patronage distribution to members will be on March 25, 2025. The all-cash patronage being paid is $48.5 million. This patronage is distributed directly to the members of AgCarolina Farm Credit.  

As a local lending cooperative, AgCarolina Farm Credit takes pride in sharing their success with their members, reflecting the Association's strong performance. Each year, the member-elected Board of Directors thoughtfully reviews and decides how much of the Association profits will be returned to their members across our 46-county service area and 20 branch offices.

“Sharing our profits with members effectively lowers borrowing costs within our agriculture and rural lending cooperative. For 2024, our patronage refund translates to an average interest rate reduction of 1.76% for members," states Evan Kleinhans, CEO of AgCarolina Farm Credit. "This clearly demonstrates the unique financial advantages of partnering with a cooperative."

Kleinhans continues, "We deeply appreciate our members for choosing us as their local lending partner. Your trust and support enable us to continue providing valuable financial benefits, such as delivering strong patronage refunds.