Co-op refunds $12M-plus to member-borrowers
by MBJ Staff
Published: March 11,2013
RIDGELAND — In April, member-borrowers of First South Farm Credit will receive patronage refund checks for 2012 totaling more than $12 million as part of the patronage refund program.
Daniel Viator, chairman of the First South board of directors, said, “This is the 18th consecutive year we’ve paid a patronage refund. Over that period of time First South has declared patronage totaling over $229 million to be paid to its member-borrowers through patronage refunds and retirements of allocated surplus.”
First South Farm Credit is a farmer-owned cooperative providing short, intermediate and long-term financing and related services to full and part-time farmers, agricultural-related businesses and rural residents in Louisiana, Mississippi and Alabama.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- MSU reminding fans that drones are prohibited at football games
- Politics of paying for transportation: Hand wringing and a lot of talk
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Realtors chooses Nita Wingard
- Researchers: Trapping, not hunting, best way to control wild hogs
- Entergy agrees to cut $35M from its new rate plan
- Former DPS employees sentenced for selling bogus driver's licenses
- No debate, but Cochran and Childers lobby for votes for Senate