Farm Credit pays patronage dividend
Published 2:53 pm Thursday, April 7, 2011
By LIZ NOGOWSKI
Director of Marketing
Southwest Georgia Farm Credit, an agricultural lending institution, paid a patronage distribution of $2.85 million to their customers based on their 2010 earnings.
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As a cooperative, the association pays patronage, a form of profit sharing, to its member-borrowers.
Over the past two decades, Southwest Georgia Farm Credit has returned more than $90 million to its customer-owners.
Southwest Georgia Farm Credit makes loans for agriculture, ag-related businesses and rural real estate. Additionally, the association finances home purchases and offers refinancing to homeowners.
“We’re proud to serve Southwest Georgia by providing a source of dependable credit and a competitive interest rate to farmers and agribusinesses,” said Richard S. Monson, president. “The association has survived a downturn in the economy, and 2010 proved that with careful portfolio management and a focus on quality customer service, we could achieve a comfortable profit margin.”
Headquartered in Bainbridge, Southwest Georgia Farm Credit serves 21 counties in Georgia bordering Alabama and Florida.