We're sharing $42.5 million in profits with eligible customer-owners in April, the largest distribution in our history! This patronage distribution amounts to $0.51 for every $1.00 in interest that borrowers paid on their AgChoice loans in 2020, returning slightly over one half of their interest cost.
The patronage model allows us to build capital, invest in member services, share profits and lower the overall cost of borrowing to customer-owners. Annual cash payouts to customer-owners since 1999, including this year, total $388 million.
"Working with AgChoice, it felt personal. It wasn't just about them doing their job. They went above and beyond to make sure that we succeeded."
- Jerrel & Jen Brubaker
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Greatest Threat to Net Farm Income and Cash Flow