AgriLand Farm Credit, ACA recently reported outstanding 2007 financial results, highlighted by strong earnings of nearly $4.8 million and a hefty patronage refund. As a result of the strong earnings last year, AgriLand achieved an 11.5 percent return on average stockholders’ equity and will return $3.9 million in earnings to customers in the form of patronage.
The AgriLand Farm Credit Board of Directors approved the patronage distribution, which consists of $.7 million in cash and $3.2 million in allocated equities scheduled for disbursement in April.
"Our mission is to enhance the economic health of agriculture and rural America communities through constructive financing of their needs. We accomplish this with quality service and competitive interest rates. Our patronage program is an additional benefit to our customers. “, said AgriLand Chief Executive Officer Roger Brist.
News release: Download press_release_2007_agriland_results.doc
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