Farmers and ranchers witnessed expenses significantly rise in 2022, cutting into potential profits. Member-owners at AgCountry Farm Credit Services will soon be able to better combat these costs with a cash dividend payment totaling more than $83.5 million.

This is the fourth year in a row member-owners have received a dividend of one percent on all eligible business. Payments will be made in March 2023. 

“Our ability to return money to farmers, ranchers, and agribusinesses demonstrates the power of the cooperative,” said AgCountry Board Chair Greg Sabolik. “Our focus is to support members, agriculture, and our rural communities. We continue to be proactive in finding ways to help fellow producers achieve their financial goals.” 

More than $418 million has been paid to members since the patronage program began in 2014. 

“We believe that if we can help farmers succeed—our cooperative will continue to grow and be here to assist future generations,” said Marc Knisely, president and CEO of AgCountry. “This cash dividend follows up on recent actions we have taken to keep more money at the farm level.” 

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 when financial conditions allow for it.