Board of Directors Authorizes $7 Million Patronage Refund for 2017

Farm Credit Southeast Missouri President & CEO Bob Smith is pleased to announce that the Board of Directors has declared a 2017 cash patronage refund of $7 million to the borrowing members – the largest in the program’s history.

Smith stated, “This year’s $7 million Patronage Refund is an extraordinary amount. There was a very unique combination of factors which made this substantial earnings distribution possible including 5% loan volume growth, 10% earnings growth, and very strong credit quality and capital. We are excited that the association’s customer-owners are reaping the rewards of an extraordinary Farm Credit year. It’s like selling $15 soybeans or $1 cotton – it’s great when it happens, yet we can’t always count on it.”

Since the Patronage Dividend program began 24 years ago, over $72 million has been paid back to the customer-owners of Farm Credit Southeast Missouri. Each borrower will receive a check for their portion of the total in the month of February.

Help stop the spread of COVID. When entering our offices, a face mask is required.

Third-Party Link Disclaimer

Links to third-party web sites are provided for convenience only. Farm Credit Southeast Missouri does not endorse nor support the content of third-party links. Farm Credit Southeast Missouri is not responsible for the content of a third-party website. By clicking on a third-party link, you will leave the Farm Credit Southeast Missouri website. Privacy and security policies may differ from those practiced by Farm Credit Southeast Missouri.

Please click here if you wish to proceed   Cancel