AgCountry Farm Credit Services recently paid $12 million in cash patronage to their member-owners based on the company's 2014 earnings, according to a news release.
The distribution was announced in January and was paid out to member-owners this month in proportion to their 2014 eligible loan business.
"We work hard to maintain a strong cooperative, and being able to share a portion of our income is something that gives us great pride," says Bob Bahl, AgCountry President & CEO. "We're owned by the farmers, ranchers and agribusinesses that we serve, and paying patronage is an important part of the value we deliver."
Headquartered in Fargo, N.D., AgCountry provides credit and financial services to farmers, ranchers and rural customers in eastern North Dakota and northwest and west central Minnesota and to agribusinesses across the United States.
