Capital Farm Credit returns $36.8 million to borrowers

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Capi tal Farm Credi t ' s (CFC)Board of Directors recently approved a $36.8 million cash retirement of remaining allocated equities issued in 2010. Borrowers with loans in 2010 will receive their share of the cash payment in checks mailed this month.

Combined with the $56.7 million cash patronage paid in March of this year, Capital Farm Credit will have returned total cash distributions of more than $93.5 million to our members in 2017. "We continue our tradition of strong earnings, which is a benefit for our members," said Ben Novosad, chief executive officer. "The earnings we return through our patronage dividend program help to effectively lower the cost of doing business for the farmers and ranchers we serve.

Over the past 10 years, we have returned more than 95 percent of our earnings back to our members," added Novosad. "That adds up to more than half a billion dollars returned to our members."

 

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