Capital Farm Credit brings in a record $108.1 million to
Bryan, Texas, March 18, 2022 (GLOBE NEWSWIRE) — Capital Farm Credit posted another year of strong financial results in 2021. Texas’ largest agricultural lender will return $108.1 million in cash to its borrowers, with 125 An additional $.7 million in revenues allocated to members for consideration of future disbursement.
Since 2006, Capital Farm Credit has returned more than $2 billion in combined cash and allocated stock to its members through its cooperative returns program.
“We are very proud of our cooperative return program,” said Jeff Norte, general manager. “We return nearly all of our revenue to our members and believe our cooperative returns program is the strongest in the country. As an association, it is a priority to continue to return profits to our members.
Capital Farm Credit has pursued the same mission since its inception over a century ago with a long tradition of strong income, for the benefit of its members. Our cooperative return program effectively reduces the cost of doing business for our farmers, ranchers and recreational property owners. Together, we help strengthen the agricultural economy and the rural communities we serve.
“We are proud to support rural Texas by providing agricultural producers with the capital they need to grow their businesses,” Norte added. “We foster a culture that results in skilled and engaged employees, who are essential to meeting the diverse needs of our customers across our territory. »
As a borrower-owned cooperative, our members are also our owners. When Capital Farm Credit succeeds, our members succeed. We are in the same boat as our members, and together we are better.
For over 100 years, Capital Farm Credit has supported rural communities and agriculture with reliable and consistent credit and financial services. Capital Farm Credit is a proud member of the Farm Credit System and serves over 23,000 members, with outstanding loans totaling over $10 billion. Based in Bryan, Texas, Capital Farm Credit has offices serving 192 of Texas’ 254 counties.
For more information about its financial services, rebate program and offices, visit capitalfarmcredit.com.