Products & Services

Serving the Diversity of New Jersey Agriculture

This video features Farm Credit East’s Bridgeton, N.J. branch office manager, Scott Andersen, as he explains the diversity of New Jersey agriculture. Nursery, greenhouse and sod production are the largest sectors. The state also has a vibrant commercial fishing industry, with several ports along the coast. New Jersey producers grow more than 100 different fruits and vegetables, including tomatoes, sweet corn, blueberries and peaches. In addition, the state’s agriculture supports many jobs off the farm, including seed and fertilizer businesses, machinery and equipment dealerships, trucking, cold storage facilities and food processing.

  • Patronage Dividends

    As owners of their financial cooperative, Farm Credit East customers have the opportunity to share in the financial success of the cooperative through patronage dividends.

    In 2020, Farm Credit East distributed a record $70 million in cash patronage dividends to more than 11,250 farm, fishing and forestry business owners and operators across Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island. This distribution was in addition to a one-time $25 million special patronage dividend paid to customer-owners in October 2019 based on the first six month of 2019 earnings.

    In July 2020, Farm Credit East’s Board of Directors approved the distribution of a $30 million advance on 2020 patronage dividends to provide members with additional liquidity and cash flow.