Competitive rates on long-term fixed-rate financing options.
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Financing farm-related services such as custom application.
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Financing for purchasing equipment or refinancing equipment loans
Food and fiber debt syndications and investments.
Financing specialized for processors, manufacturers and distributors of food and agricultural goods.
Specialized financing for large-scale beef producers to stay competitive and manage, improve or enlarge their operations.
Financing options for large-scale dairy producers to embrace opportunities and overcome milk price hurdles the market can present.
Specialized financing for large, established poultry and egg producers that takes market swings and regulations into account.
Financing options for large-scale pork producers, integrators and processors to help manage and expand their operations.
Specialized financing for sawmills, wood processing operations and large timberland owners to achieve profitability.
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In March, Farm Credit Mid-America will pay a record $186 million in cash Patronage dividends to eligible customer-members. Last year, the financial services cooperative returned $146 million back to customers.
“Last year farmers faced serious challenges,” said Bill Johnson, Farm Credit Mid-America president and CEO. “Spring and fall flooding that delayed planting and harvests, low prices and trade uncertainties.
“It was a year of enormous stress, and while situations have improved some, there’s still a lot of unease, so we’re very happy to be able to return to them money they can reinvest into their operations and communities.”
With this year’s Patronage, the total returned to Farm Credit Mid-America customers will be nearly a half-billion dollars. Patronage is not a guarantee – the association’s board annually has to approve the program, and not all customers will receive a check.
“Patronage is a powerful benefit of belonging to a cooperative and we’re fortunate that our strong financial position ensures we can continue to provide reliable credit through good and challenging times, now and into the future,” said Johnson.
In addition to Patronage, customer/owners participate in annual Board of Director and Nominating Committee Elections, and vote on issues that influence operations.
Ohio customers will receive more than $53 million, Indiana customers more than $58 million, Kentucky customers more than $44 million and Tennessee customers nearly $26 million.
The amount each eligible customer will receive is proportionate to their transaction level with the Association during 2019. Since patronage is considered taxable income, customers will receive IRS forms related to this year’s patronage in January 2021. Farm Credit Mid America encourages recipients to speak with their financial advisors.
For more information on Patronage, visit e-farmcredit.com/Patronage
The Farm Credit Mid-America Board of Directors is pleased to announce the intent to merge Farm Credit Mid-America and Farm Credit Midsouth under the name Farm Credit Mid-America.
The three incumbent directors will continue to provide strategic direction to the Association’s leadership
New position completes new leadership structure at one of the nation’s leading financial services co-ops
Leadership liaison provides accountability, strengthens operations and helps financial services co-op mitigate risk