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 $339,000,000 in patronage refunds over the past 33 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 |
|---|---|---|---|---|---|
| 2019 | 5.53% | 3.02% | 2.51% |
45.41% |
$40,921,507 |
| 2018 | 5.42% | 3.79% | 1.63% | 30.10% | $26,691,405 |
| 2017 | 5.08% | 3.55% | 1.53% | 30.03% | $24,095,261 |
| 3-year Average |
5.34% | 3.45% | 1.89% | 35.18% | $30,569,391 |