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Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced its distribution of $120 million in cash patronage dividends to 12,500 farm, fishing and forestry business owners and operators across the Northeast. In addition, the board approved a special one-time patronage distribution based on 2023’s outstanding financial results, for a total of $130 million of earnings returned to customer-owners. 

Farm Credit East’s bylaws provide for the nomination of candidates by petition by Thursday, January 25, 2024.

The Farm Credit System today reported that combined net income decreased 1.4% to $1.78 billion and 1.7% to $3.51 billion for the three and six months ended June 30, 2023, as compared with net income of $1.81 billion and $3.57 billion for the same periods of the prior year.

Farm Credit East, a customer-owned cooperative lender and financial services provider, has announced the results of its recent director elections and board reorganization meeting. The 18-member board represents the diversity of Northeast agriculture and forest products.