In the Spring of 2021, we will return $200 million – the largest amount we've ever distributed – to Patronage-eligible customers through our Patronage program.
As a farmer-owned cooperative, we know that a little extra capital can make a big difference in your operation – paying for new equipment, initial operating costs for the upcoming season, payroll and more.
The way we see it, the hard work and resilience of our customer-owners contributed to our success in 2020. Patronage allows us to give back a portion of what we earn directly to those who deserve it most.
The Patronage Program is one of the unique benefits of being a Farm Credit Mid-America customer.
Our purpose is to strengthen rural America's farmers and agriculture, and to that end, Patronage is one benefit of belonging to our cooperative. It means that Farm Credit Mid-America is in a strong position to provide sound credit through good and challenging times, now and in the future. In fact, over the last five years, we've distributed a total of $648.5 million to our customers-owners through Patronage.
For more information about the Patronage program, view the guidelines for the 2020 Patronage program (payments received in 2021) or view the guidelines for the 2021 Patronage program (payments received in 2022).