Farm Credit West, ACA recently announced the Board of Directors has voted to distribute a patronage dividend to customer-owners equal to 150 basis points (bps) or 1.50% of eligible average outstanding loan balances in 2020. This patronage dividend includes a special pandemic related relief payment of 50 bps distributed to customers during the summer of 2020.
Farm Credit West, a cooperative lending institution focusing exclusively on the agricultural industry, recently announced strong financial results for 2018 with continued growth in net income, earning assets and capital. Farm Credit West benefited from strong earnings as well as geographic and commodity diversity as a result of its activities in California and Arizona.
Farm Credit West, ACA, one of the nation’s largest agricultural lending cooperatives, is proud to announce they will once again be distributing patronage dividends to qualifying member-stockholders as a return on their equity from robust 2018 earnings.
A decade ago FarmLink forged a unique approach for farmers and ranchers to gather, discuss, and learn about options for financing. In 2018 we reintroduced the approach with Growing Opportunity: Farm Finance Expo, a day-long event in West Sacramento on March 28. The Expo brought together 62 farmers and 10 lenders along with several partners and speakers.
Farm Credit West today announced strong financial results for 2017 with continued growth in net income, earning assets and capital. Farm Credit West has benefited from strong earnings as well as geographic and commodity diversity as a result of its territory in California and Arizona.