Since the patronage program was first adopted, customer-owners have earned $544 million.
Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced today its distribution of a record $51 million in cash 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.
As owners of their financial cooperative, Farm Credit East’s customers have the opportunity to share in the financial success of the cooperative through patronage dividends. Since the patronage program was first adopted, customer-owners of Farm Credit East (and predecessor cooperatives) have earned $544 million in dividends from ownership of their cooperative. This is the nineteenth consecutive annual patronage payment paid by Farm Credit East.
2015 Director Election
There are four open director seats in 2015. Each is a four-year term. The nominating committee met in January and advanced eight candidates, with two candidates per seat.
Learn more about this year's candidates