Farm Credit SEMO Board of Directors Authorizes $9 Million Patronage Refund for 2024

Farm Credit Southeast Missouri President & CEO Greg Cunningham is pleased to announce that the Board of Directors has declared a 2024 cash patronage refund of $9,000,000 to the borrowing members – the largest in the program’s history. 

Cunningham stated, “One of the biggest highlights of 2024 was our ability to give back a record-high cash patronage of $9 million to our customer-owners.  Over the past 31 years Farm Credit Southeast Missouri has paid back to its customer-owners over $129 million, keeping with our promise to “Put Our Profits in Your Pockets.”.”

The 2024 refund marks the 31st consecutive year of Farm Credit Southeast Missouri’s patronage dividend program.  Since the program began in 1994, over $129 million in cash has been paid back to the customer-owners in Southeast Missouri.  Each borrower will receive a check for their portion of the total at Customer Appreciation Events held during January and February.

Additionally, the Farm Credit Southeast Missouri Board of Directors has approved its 32nd consecutive patronage refund program for 2025.

Headquartered in Sikeston, Missouri, Farm Credit Southeast Missouri is an agricultural lending cooperative with over $1 billion in owned and managed assets serving Bollinger, Butler, Carter, Cape Girardeau, Dunklin, Mississippi, New Madrid, Pemiscot, Ripley, Scott, Stoddard, and Wayne Counties in Southeast Missouri.