$2 Million in Profits Returned to Local Farmers, Farm Credit of Northwest Florida Members

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Farm Credit of Northwest Florida is set to give $2 million dollars back to nearly 850 members this year, who primarily live, operate or own farms in our northwest Florida rural communities. This refund is the equivalent of approximately 15.6 percent of the interest earned on each member’s loan during the last year, and is paid entirely in cash. “We’re delighted that our Association is in such a strong financial position that we’re able to return a substantial refund to our members again this year,” said Farm Credit of Northwest Florida president and CEO Rick Bitner. “As a cooperative, we succeed and grow together with our members and local farmers. We’re glad to have the opportunity to share this exciting piece of success with them.” Thanks to the success of Farm Credit of Northwest Florida’s patronage dividends program, more than $76 million has been returned to members since 1988. Board Chairman Richard Terry said, “The Board is committed to supporting rural America, and that’s why we work to return a substantial patronage refund while growing our Association’s strong financial foundation. That work is in line with our Association’s mission, which is to ensure a financially vibrant future for agriculture and related industries, while fulfilling fiduciary responsibilities to our member-owners.” About Farm Credit of Northwest Florida Farm Credit of Northwest Florida is a member-owned financial cooperative headquartered in Marianna, Fl. that serves 18 counties throughout the Florida panhandle. Farm Credit offers highly competitive credit to meet the financing needs of farmers, agribusinesses, rural landowners and homeowners. For more information about the types of financing available, or how cooperative lenders share their profits with borrowers, please visit www.farmcredit-fl.com.