News & Blog Posts
On behalf of the Board and Management of Farm Credit Midsouth, we will be taking actions to do our part to protect our employees and members during this state of national emergency. Our primary goal is the health of all; secondarily, we want to ensure we are able to continue to provide financial services to our customers.
$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 Midsouth announced today its board of directors unanimously approved an all-cash patronage distribution for eligible members. The distribution, totaling approximately $6.6 million, will be made this February.
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 we look back over the last 10 years, we have seen more than our share of volatility — soybeans from $8 to $17, corn from $3 to $8, rice from $9 to $17 per cwt, cotton from .57 to 2.13 and extremely high temperatures in 2011 to extremely high rainfall in 2018 and 2019. Agriculture volatility is not something new to Farm Credit.
One of the highlights at Farm Credit Midsouth is the annual presentation of 14 scholarships worth $1,000 each to outstanding undergraduates. Each student was chosen based on a combination of academic, extracurricular, agricultural, and leadership...
Land values appear to be increasing slightly in Eastern Arkansas. Increases in value began to slow after 2015 and are now flat to increasing. Based on the period from 7/1/18 to 6/30/19, benchmark values ranged from no increase in Clay County to a 4.69% increase in Craighead County. St. Francis County increased 4.39%, Cross County increased 1.20% and Lee County increased 2.27%. Farm Credit Midsouth uses five benchmarks to estimate changes in land values.