Your Biggest Benefit
As a borrower-owner of AgCredit, one of the biggest benefits is sharing in the profits of the Association through our patronage program. Patronage reduces your cost of borrowing by returning a portion of our net income to our borrowers based on the proportion of interest paid on their loan and total interest earned by the association. We have returned more than $369,000,000 in patronage refunds over the past 34 years!
Check out the video to learn about the patronage program in 90 seconds.
Patronage History Chart
| Year | Average Interest Rate | Average Rate After Patronage | Basis Points Saved | % of interest returned as patronage | patronage refund |
|---|---|---|---|---|---|
| 2020 | 4.90% | 3.03% | 1.87% |
38.14% |
$30,642,278 |
| 2019 | 5.53% | 3.02% | 2.51% | 45.41% | $40,921,507 |
| 2018 | 5.42% | 3.79% | 1.63% | 30.10% | $26,691,405 |
| 3-year Average |
5.28% | 3.28% | 2.00% | 37.89% | $32,751,730 |