Farm Credit West increases dividend

Customer-owners of Farm Credit West, ACA will be getting back a little extra.

The ag lender announced Monday that its board has voted to distribute a patronage dividend to customer-owners equal to 150 basis points (bps), or 1.50 percent of eligible average outstanding loan balances in 2020. This patronage dividend includes a special pandemic-related relief payment of 50 bps distributed to customers during the summer of 2020. Distribution of the additional 100 bps cash patronage will begin in February.

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