2024 marks the 27th consecutive year of sharing patronage with members, with a total distribution exceeding $174.2 million since 1997.
As a financial cooperative, Farm Credit of Western Arkansas prioritizes its members as owners, ensuring they partake in the organization's success.
Brandon Haberer, CEO of Farm Credit of Western Arkansas, emphasized the significance of this achievement, stating, "With another record year of rural lending, the association is able to share record Patronage Cash. Sharing profits with members is the cooperative way of doing business and sets us apart from other lenders. We cherish this time of year as much as our members."
The patronage program underscores Farm Credit of Western Arkansas's commitment to supporting the agricultural community and fostering economic growth in rural areas. By reinvesting profits back into the hands of its members, the organization contributes to the vitality and sustainability of local farming operations.
With a loan volume of $1.9 billion, Farm Credit of Western Arkansas is part of the 107-year-old Farm Credit System, providing financing and related services to farmers, ranchers, rural homeowners, agribusinesses, and timber producers.