Thank you for your comment, HEBUCUS.
As a borrower-owned cooperative, Capital Farm Credit is controlled by the farmers, ranchers and rural landowners who borrow from us and, in turn, share in our financial success. We return almost 100 percent of our net earnings back to our membership. Our patronage dividend program is a unique benefit to our members that sets us apart from other lenders.
Capital Farm Credit has a long tradition of strong earnings, which accrues to the benefit of our members. As we return the earnings, we effectively lower the cost of doing business, which helps to strengthen the agricultural economy and rural communities we serve.
As background, our Board of Directors recently approved a $39.9 million cash retirement of allocated equities issued in 2009. Combined with the $72 million cash patronage paid in March of this year, Capital Farm Credit returned total cash distributions of more than $111.8 million to our members in 2015. Since 2007, we've returned more than half a billion dollars to members through our patronage dividend program.
Sponsor Message:Whether looking to become a rural land owner, buy that ideal hunting property or finance your farm or ranching operation- with Capital Farm Credit, you're covered.
And our patronage dividend program means we share our profits and put money back in your pocket.
Together we’re better. Call 877-944-5500 or visit https://www.capitalfarmcredit.com/ to find out how.