fbpx

About Us

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.

Who qualifies?

To qualify for a patronage payment, you will need to be a member-owner in good standing.*

*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

See all the AG lending services we provide here at Farm Credit of Southern Colorado.