PFCS Board Authorizes Patronage Refund of $5.25 Milllion for 2015
Progressive Farm Credit Services President & CEO Bob Smith is pleased to announce that for the 22nd consecutive year a Patronage Dividend will be paid back to its borrowers. The 2015 patronage totals $5.25 million.
Since the Patronage Dividend program began 22 years ago, over $60 million has been paid back to the borrowers of Progressive Farm Credit Services. Each borrower receives a check for their portion in the month of January as a reward and a “thank you” for being a customer.
Headquartered in Sikeston, Missouri, Progressive Farm Credit Services is a $600 million agricultural lending cooperative serving Bollinger, Butler, Carter, Cape Girardeau, Dunklin, Mississippi, New Madrid, Pemiscot, Ripley, Scott, Stoddard, and Wayne Counties in Southeast Missouri.