Association News: Patronage

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...

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%...

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.