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Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced its distribution of $140 million in cash patronage dividends to 12,500 farm, fishing and forestry business owners and operators across the Northeast. 

Farm Credit East reported solid 2023 financial results today, showing continued growth in loans coupled with strong earnings, which allowed Farm Credit East to distribute a combined $130 million in patronage dividends to eligible customer-owners based on 2023 earnings. 

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 reported solid 2022 financial results at its annual meeting held earlier this week. Continued growth in loans coupled with strong earnings allowed Farm Credit East to distribute a record $117 million in patronage dividends to eligible customer-owners based on 2022 earnings.