Record breaking $127.6 million returned to Capital Farm Credit members

Texas’ largest agricultural lender continued to post strong financial results in 2022. Capital Farm Credit returned $127.6 million in cash to its borrowers, with another $142.4 million in allocated equities declared for future disbursement.

“The fundamentals of a cooperative are what make us different,” said Sally Lawson, chief financial officer. “We take great pride in our Patronage Program, built to serve and benefit our borrowers.”

“We return almost all of our earnings back to our membership and believe our cooperative returns program is one of the strongest in the country.”

Over the years, Capital Farm Credit has returned $2.9 billion in combined cash and allocated equities to its members, upholding the same mission since its establishment more than a century ago.

“We’re proud to support rural Texas by providing agricultural producers with the capital they need to make their operations successful,” said Jeff Norte, chief executive officer. “We promote a culture that results in knowledgeable, connected employees, who are essential to meeting our customers’ diverse needs across Texas.”

With a long tradition of strong earnings accruing to the benefit of its members, the Association’s Patronage Program effectively lowers the cost of doing business for farmers, ranchers and recreational property owners.“As a borrower-owned cooperative, our members are also our owners. When Capital Farm Credit is successful, our members are successful,” said Norte. “We’re in this together with our members, and together we’re better.”