Farm Credit Of Central Florida Announces Profit Sharing Gains

Farm Credit of Central Florida has announced the association’s eligible member/borrowers will benefit from patronage refunds, or profit-sharing, of $3.5 million, significantly lowering their cost of borrowing. Farm Credit of Central Florida is a member-owned cooperative lending funds to ranchers, growers, farmers, and rural homeowners since 1917. “This strong patronage refund continues the tradition of putting our profits in our members’ pockets,” said Reggie Holt, Farm Credit of Central Florida, president and CEO. “I am pleased to report 100% of this patronage refund will be paid in cash and represents a return of over 16% of earned interest. The resilience and perseverance of our Farm Credit members through one of the most devastating depressions since the 1930s has helped our association to grow and prosper.”

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Source: Farm Credit of Central Florida 

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