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 $422,000,000 in patronage refunds over the past 36 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 |
|---|---|---|---|---|---|
| 2022 | 4.67% | 3.56% | 1.11% | 23.80% | $21,483,878 |
| 2021 | 4.41% | 2.64% | 1.77% | 40.41% | $30,754,264 |
| 2020 | 4.90% | 3.03% | 1.87% | 38.14% | $30,642,278 |
| 3-year Average |
4.66% | 3.08% | 1.58% | 34.03% | $27,626,807 |