Your Biggest Benefit
As a member-borrower 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 $290,000,000 in patronage refunds over the past 32 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 |
|---|---|---|---|---|---|
| 2018 | 5.42% | 3.79% | 1.63% |
30.10% |
$26,691,405 |
| 2017 | 5.08% | 3.55% | 1.53% | 30.03% | $24,095,261 |
| 2016 | 4.92% | 3.71% | 1.21% | 24.57% | $18,359,054 |
| 3-year Average |
5.14% | 3.68% | 1.45% | 28.23% | $23,048,573.33 |