AgCountry Farm Credit Services To Return $60 Million
Sunday, January 12th, 2020 -- 8:34 AM
AgCountry Farm Credit Services announced it will return a record $60 million in cash patronage to eligible member-owners for 2019.Wisconsin Ag Connection reports that this marks the largest patronage amount to date for the cooperative. The North Dakota-based institution, which also has locations in Wisconsin and Minnesota, has dispersed over $195 million in cash patronage to its members since 2014.
The patronage program gives the board the ability to distribute a portion of the association's net income to its member-owners when financial conditions allow for it. This marks the seventh consecutive year AgCountry has paid out a patronage dividend to its member-owners.
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