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
- Bryant wants free tuition for students with technical diploma
- Prison-contract task force working in wake of Epps' indictment
- Analyst: KiOR Columbus plant may end up sold as scrap
- Investigators find massive Ag Museum fire was an accident
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- DAVID DALLAS: Savor this Thanksgiving and be grateful
- Court hits David Watkins with $600,000 order over Retro Metro issues