Farm Credit Midsouth to Return Patronage Approaching $7.6 Million
Distribution to Begin Late February
Farm Credit Midsouth is pleased to announce its board of directors has unanimously approved this year’s all-cash patronage distribution totaling nearly $7.6 million for eligible members. Distribution will begin in late February.
“Farmers continued to face challenges with increased input costs and inflation throughout 2022,” says Chairman of the Farm Credit Midsouth Board of Directors. “But, Farm Credit Midsouth kept its solid footing, and we find ourselves in a position to once again return a healthy patronage. We’re grateful, and we look forward to sharing that with our Members.”
“Farm Credit Midsouth has a strong history of positive patronage for our Members,” adds President and CEO James McJunkins. “In 2005 we paid out about $3.7 million. Today we are pleased to have increased that amount to our current level, which stands at $7,599,516.38. In total, we have returned nearly $89 million to our Members since 2005.”
Farm Credit Midsouth (a part of the Farm Credit System) is a federally-charted cooperative providing over $1.24 billion in credit and related services to more than 3,500 agriculture producers and rural home owners in ten Eastern Arkansas counties (Clay, Greene, Craighead, Mississippi, Crittenden, Poinsett, Cross, St. Francis, Lee and Phillips) and three counties in Missouri (Ripley, Carter and Wayne) through its wholly-owned PCA and FLCA subsidiaries.