FOR IMMEDIATE RELEASE
FARGO, ND, February 4 , 2025 –AgCountry Farm Credit Services (AgCountry), a farmer-owned cooperative, announces a 1% (100 bps) cash-back will be paid on eligible business conducted in 2024. AgCountry’s patronage program grants the Board of Directors the ability to distribute a portion of the association’s net income to its member-owners on business when financial conditions allow.
This marks the sixth consecutive year where the Board’s goal of paying 1% is achieved. Patronage contributes to managing overall interest expenses, reducing total borrowing costs, and fulfilling our mission. “The AgCountry patronage program is at the forefront of our commitment to our member-owners,” shares Lynn Pietig, Board Chair at AgCountry. “By returning a portion of our earnings through patronage, we are strengthening our customer’s operations, our cooperative, and our shared success in the long-term.”
“AgCountry remains steadfast in its mission to support all of agriculture,” said Mark Jensen, president and CEO. “Especially during challenging times, these dividends provide financial support and help ease the pressure on our producers. It's a privilege to lead an organization that consistently gives back to those who are the backbone of our industry." Farmers and ranchers will receive an estimated $104.5 million in cash-back patronage paid in March 2025 for eligible business conducted in 2024.
About AgCountry Farm Credit Services:
AgCountry Farm Credit Services is a member-owned financial services cooperative committed to serving rural communities and agriculture. With offices in agricultural communities across North Dakota, Minnesota, and Wisconsin, AgCountry offers a full suite of financial services, from traditional farm loans to financial planning services.
For more information, visit AgCountry.com
SOURCE: AgCountry Farm Credit Services
CONTACT: Tara Kessler, VP Marketing & PR | 701-200-2566 or Tara.Kessler@AgCountry.com
