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 $400,500,000 in patronage refunds over the past 35 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 |
|---|---|---|---|---|---|
| 2021 | 4.41% | 2.64% | 1.77% |
40.41% |
$30,754,264 |
| 2020 | 4.90% | 3.03% | 1.87% | 38.14% | $30,642,278 |
| 2019 | 5.53% | 3.02% | 2.51% | 45.41% | $40,921,507 |
| 3-year Average |
4.95% | 2.90% | 2.05% | 41.23% | $34,106,016 |