Arkansas Farm Credit members share $22 million in patronage
$22 million went back into the hands of Farm Credit members across Arkansas in February. Farm Credit finances farms, homes, land, livestock, equipment and more. Farm Credit is not a bank; it is a financial cooperative and shares a portion of profits with members in profitable years.
2019 was another good year for the four Farm Credit associations headquartered in the state. 11,699 Arkansas member-owners received their share of $22 million in patronage in the form of checks distributed by local branch offices.
$22 million back in members’ pockets demonstrates Farm Credit’s financial strength and commitment to the cooperative principal of providing value to members. More than $243 million in patronage has gone to Arkansas members over the past 23 consecutive years.
With $4 billion in assets, the Farm Credit Associations of Arkansas are comprised of AgHeritage Farm Credit Services, Delta Agricultural Credit Association, Farm Credit Midsouth and Farm Credit of Western Arkansas. Farm Credit supports rural communities and agriculture across the state.