AgCountry Farm Credit Services is paying out a record $60 million in cash dividends to eligible member-owners this year. Given the current economic volatility in agriculture, AgCountry President and CEO Marc Knisely also announced a target payment rate for patronage in the future. “The board felt it was really important to put more intentionality to its cash patronage program,” said Knisely. “The intent of the board is to return a one percent cash patronage dividend each year; it is something customers can have more confidence in as we go forward and take one more uncertainty off their platter.” Knisely said efforts have been taken to deal with the current farm financial situation. This is the seventh consecutive year AgCountry is paying a cash dividend.
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