$17.98 million is going back into the hands of Farm Credit members across Arkansas. 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.
2017 was another good year for the four Farm Credit associations headquartered in the state. 10,897 Arkansas member-owners are receiving their share of the $17.98 million in the form of patronage checks this month.
Farm Credit is directed by the members it serves and members have a voice and vote in the associations’ governance. They also share in their cooperatives’ financial success through cooperative returns, which total $202 million in Arkansas since 1997.
$17.98 million back in members’ pockets demonstrates Farm Credit’s financial strength and commitment to the cooperative principle of providing value to members.
With $3.5 billion in assets, AgHeritage Farm Credit Services, Delta Agricultural Credit Association, Farm Credit Midsouth and Farm Credit of Western Arkansas support rural communities and agriculture across the state.
More information available at ARFarmCredit.com.