Farm Credit Mid-America Brings in $63 Million in Sponsorship to Indiana Clients | Business
LOUISVILLE — Farm Credit Mid-America will pay out $63 million in cash rebates to eligible Indiana customer-owners this month under its patronage program. The amount is part of $210 million in total cash refunds the financial services cooperative is distributing to eligible customers in Indiana, Ohio, Kentucky and Tennessee. Since 2016, Farm Credit Mid-America has raised more than $858 million through its patronage program.
As a customer-owned co-op, Farm Credit Mid-America understands that additional capital can make a big difference to a customer’s operation.
“Our patronage program allows our customer-owners to share in the success of our cooperative, and that’s one of the many benefits of being a Farm Credit Mid-America customer,” said Steve Witges, senior vice president of agricultural loans in Indiana. for Farm Credit Mid-America. “We love to hear how patronage checks have a very positive impact on our clients’ operations.”
Farm Credit Mid-America’s Board of Directors votes annually to approve the program. Eligible customers receive a loyalty check the week of March 21 proportional to their level of transaction with the association during the year 2021.
In addition to receiving sponsorships, Farm Credit Mid-America owner-clients are encouraged to participate in the association in a variety of ways. These include participation in annual board and nominating committee elections, the opportunity to vote on matters that influence the operations of the association, and the opportunity to serve on the Board of Advocates, a diverse group of professionals. and leaders from across Indiana, Ohio, Kentucky and Tennessee who strengthen Farm Credit Mid-America’s impact, relationships and customer support.
For more information on the Farm Credit Mid-America Patronage Program and its eligibility requirements, visit e-farmcredit.com/Patronage.
About Farm Credit Mid-America
Farm Credit Mid-America is a financial services cooperative that has served the credit needs of farmers and rural residents in Indiana, Ohio, Kentucky and Tennessee for more than a century. Farm Credit Mid-America provides loans for real estate, operations, equipment, housing and related services such as crop insurance and vehicle, equipment and building rentals. For more information, call 1-800-444-FARM or visit www.e-farmcredit.com.