Farm Credit East has returned $467 million to members over the past 18 years.Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced today that it will distribute a record $44.5 million in patronage dividends to more than 11,000 farm, fishing and forestry business owners and operators across Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island. This patronage will be distributed as follows:
- $42 million to be distributed to eligible customer-owners who had loans with Farm Credit East during 2013.
- $2.5 million to be distributed to eligible customer-owners who had loans with the former Farm Credit of Maine during 2013, pursuant to the Merger Agreement effective January 1.
Payments will be made to customers in the first quarter of 2014. Learn more
Farm Credit East Annual Meeting & Director Elections
Farm Credit East members are cordially invited to participate in the 2014 Annual Meeting to be held on Tuesday, March 25 at The Desmond in Albany, N.Y. This meeting will receive reports from the Board, management and nominating committee; elect next year’s nominating committee; honor retiring directors Ben Freund and June Hoeflich and introduce your 2014 director candidates. To register to attend, click here.
Farm Credit East 2014 Director Elections are underway. There are four open seats to be elected to the Farm Credit East Board of Directors in 2014: three are four-year seats, one in each the Eastern, Central and Western regions and one open three-year seat in the Central region. This year's nominating committee advanced eight candidates, with two candidates per open seat. To learn more about this year's candidates, click here.