What is patronage and what does it mean for Farm Credit Midsouth customers?
The Cooperative Advantage
The simple definition of patronage is the name for the capital that a cooperative returns to its customers. What does it mean in real world conditions?
As a farmer-owned cooperative, we know that a little extra capital can make a big difference in your operation — paying for new equipment, initial costs for the upcoming season, payroll and more.
The way we see it, the hard work and resilience of our customer-owners contributes to our success. Patronage allows us to give back a portion of what we earn directly to those who deserve it most.
Our mission is to strengthen rural America’s farmers and agriculture, and to that end, patronage is one advantage of belonging to Farm Credit Midsouth. It means that Farm Credit Midsouth is in a strong position to provide sound credit through good and challenging times, now and in the future. In fact, over the last 14 years, we’ve distributed a total of over $61 million to our customer-owners through patronage. Can your lender say the same?For more info about patronage, contact any Farm Credit Midsouth branch.