Patronage Program
As an agricultural credit cooperative, AgChoice Farm Credit is owned by the borrowers who purchase stock/participation certificates in the cooperative. The borrowers become customer-owners when they purchase stock in the cooperative.
Since 1999, more than $117 million have been paid back to AgChoice Farm Credit customer-owners through the patronage program.
After each fiscal year, our Board of Directors may choose to retain the net income of the Association to strengthen our capital position, or distribute some or all of the net income to customer-owners by declaring a dividend on stock or a patronage payment. The distribution of profits to the customer-owners of our Farm Credit Association effectively reduces the cost of borrowing money. Our customer-owners own our Association, so it makes sense that they share in the profits.
Since the merger that formed AgChoice Farm Credit in 1999, more than $117 million have been paid back to the customer-owners in patronage. This money strengthens the local economy by circulating through the rural communities AgChoice serves.
To learn more about AgChoice's patronage program, view the Patronage section of our Frequently Asked Questions page.
We are an equal housing lender.