Member-owners of AgCountry Farm Credit Services will soon distribute a record $76 million in cash dividend. For the third consecutive year, the farm credit cooperative has achieved its patronage goal of a one percent dividend on all eligible business.
"It truly pays to do business with AgCountry Farm Credit Services," states Board Chair Ed Hegland. "As a farmer myself, I can confidently say that AgCountry's dividend program sets us apart from other lenders."
Of the $76 million being paid out, about 88 percent of the funds come from AgCountry while $9 million was earned from Farm Credit Services of North Dakota, which merged with the company on January 1.
Since the cooperative's patronage program launched in 2014, over $335 million has been paid out to AgCountry patrons.
AgCountry is a member-owned, locally-governed lending institution that provides credit, financial and insurance services to farmers, ranchers and agribusinesses in eastern North Dakota, western Minnesota and central Wisconsin.
Categories: Minnesota, Government & Policy