Cash Patronage Payments
We’re pleased to announce a record $10 million patronage payment for 2023.
The Board of Directors for Farm Credit of Southern Colorado announced that it will distribute a record cash patronage dividend to the farmers and ranchers it serves across Southern Colorado.
For 2023, the Board of Directors approved a cash patronage dividend of $10 million.
Frequently Asked Questions
What is Patronage?
Definition: The support, encouragement, privilege, or financial aid that an organization or individual bestows to another.
In other words, our eligible member-owners will receive a dividend payment at the end of the year based on the net earnings of the organization, and other factors.
*Other requirements may apply.
How much patronage dividends will be paid in 2023?
The Board of Directors approved a cash patronage dividend of $10 million dollars. This represents about 42% of Farm Credit of Southern Colorado’s net earnings going back to farmers and ranchers to invest in their operations, families and rural communities.
When will I receive my patronage payment for 2023?
The 2023 dividend checks will be mailed to eligible customer-owners, and handed out to attendees during the upcoming Customer Appreciation Events in April.
See https://aglending.com/events for more details.
How much patronage has been paid out since 2010?
Since 2010, Farm Credit of Southern Colorado has returned nearly $76 million to eligible customer-owners.
Where can I find the official Press Release?
View the official 2023 Patronage Announcement
*Certain statements contained on the page are not historical facts and are forward-looking statements. These forward-looking statements are based on current knowledge and subject to risks and uncertainties. We undertake no obligation to revise or publicly update our forward-looking statements for any reason.
“We have worked diligently to remain a reliable and strong source of financing for our customer-owners in rural Colorado. Patronage dividends are a benefit of our cooperative business model. During these difficult and uncertain times for agriculture we believe returning a significant portion of our earnings to our customer-owners is very important.”
– Jeremy Anderson, CEO and President of Farm Credit of Southern Colorado
Your partner in agriculture throughout Southern Colorado
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