Morrisons Cove Herald - Putting cows on the front page since 1885.

AgChoice Shares $3.5 Million of Profits with Local Customer-Owners

 

April 25, 2019



AgChoice Farm Credit distributed a record $32.6 million in cash patronage to eligible customer-owners this month, according to the company.

Local customer-owners of its Martinsburg branch received $3.5 million of that total.

Patronage has been an integral part of the cooperative’s business model for 20 years. The model allows AgChoice to build capital, share profits and lower the overall cost of borrowing to customer-owners. Cash payouts to customer-owners since 1999, including this year, total $312.6 million.

This year’s patronage program returns $0.40 for every $1 eligible borrowers...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 11/10/2019 10:23