We’re delighted to announce we’ll be mailing $3.75 million in Cash Patronage Dividend checks to our member-owners in March!
“I’m pleased we are able to give a substantial cash patronage dividend back to our member-owners, as well as maintain a solid financial position,” said Mike Grauberger, President and CEO. “Returning a portion of our profits to our members is always meaningful, but it’s especially so in light of the challenging agricultural economy.”
2018 is the twenty-first consecutive year Premier Farm Credit will deliver a Cash Patronage Dividend to our member-owners, bringing the total returned during that time to nearly $54 million. We take pride in knowing that our customers are mostly local agricultural producers that conduct a majority of their business in the communities of Northeast Colorado.
“The Board of Directors is excited to provide another strong patronage dividend back to our fellow member-owners. It illustrates the value of the cooperative model, where the people doing business with Premier Farm Credit are the ones benefiting from its success,” said Wayne Midcap, Board Chairman. “As Chairman, I speak on behalf of the entire board when I say we are totally committed to returning a meaningful patronage dividend each year, while maintaining the financial health of the association.”
As a part of the Farm Credit System, established in 1916, Premier Farm Credit offers reliable and consistent credit and related services to agriculture and rural communities, today and tomorrow. Premier Farm Credit is wholly owned by its borrowers and has an aggregate loan volume of nearly $700 million. We have offices in Sterling, Fort Morgan, Yuma and Holyoke, and you can also find us on Facebook, Twitter, LinkedIn or Instagram.