Posts Tagged ‘patronage’

Farmer-owned coop pays patronage for 19th year in a row

RIDGELAND — First South Farm Credit member-borrowers will receive approximately $13 million in patronage refund checks in April. Patronage, which is a form of dividend payment, is based on the association’s year-end earnings. Shep Morris, chairman of the First South board of directors, said, “This is the 19th consecutive year we’ve paid a patronage refund. […] [...]

Southern AgCredit sets another patronage payment record

RIDGELAND — Southern AgCredit, a rural lending cooperative, recently returned a record level of net earnings to its customer-owners in Mississippi and Louisiana. This marks the 18th consecutive year of the co-op’s patronage program. Southern AgCredit customers received a check for their portion of the $7.2 million cash patronage, plus a statement detailing their share […] [...]

CHS issues $433M in cash distributions to members

by MBJ Staff Published: February 13,2014

Tags: agriculture, cash distribution, CHS Inc., cooperative, farm, farmer, farming, net income, patronage, rancher

ACROSS MISSISSIPPI — Farmers, ranchers and cooperatives across the United States will share in an estimated $433 million cash distribution from CHS Inc., a St. Paul, Minn.-based energy, grains and foods company and agricultural co-op. The distribution is the second largest in CHS history. The 2014 cash return to owners is based on CHS net […] [...]

Co-op refunds $12M-plus to member-borrowers

by MBJ Staff Published: March 11,2013

Tags: agriculture, bank, borrow, co-operative, farm, farmer, farming, finance, financial institution, loan, patronage

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 […] [...]

Cooperative sets new record with $14M patronage payment

by MBJ Staff Published: March 5,2013

Tags: agriculture, bank, banker, banking, dividend, farm, farmer, farming, forest, forester, forestry, patronage, ranch, rancher

RIDGELAND — Southern AgCredit recently returned a record level of net earnings to its customer/owners in Mississippi and Louisiana. This marks the 17th consecutive year of the co-op’s patronage program. Southern AgCredit customers received a check for their portion of the $6.9-million cash patronage, plus a statement detailing their share of a $7.3-million patronage allocation […] [...]

Southern AgCredit mailing dividends totaling $6.35M

by MBJ Staff Published: February 21,2012

Tags: Banks, borrowers, crdit union, credit, customers, dividends, financial, financial institutions, financing, patronage

RIDGELAND — The Southern AgCredit board of directors recently approved a patronage dividend for borrowers based on the financing cooperative’s solid 2011 earnings. Checks are being mailed to customers in mid-February. Southern AgCredit customers will receive a check for their portion of the $6.35 million cash patronage, plus a statement detailing their share of the […] [...]

Southern AgCredit sets new record

by Wally Northway Published: February 23,2010

Tags: agriculture, banking and finance, patronage

FLOWOOD — Southern AgCredit is making a record patronage payment to its customer-owners based on its 2009 financial performance. Southern AgCredit customers will soon receive a check for their portion of the co-op’s $2.5-million cash patronage, plus a statement detailing their portion of a $4.7-million allocation that is eligible for future cash distribution. The combined […] [...]

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