Capital Farm Credit returns nearly $119 million to cooperative members

Texas’ largest agricultural lender continued to post strong financial results in 2023. Capital Farm Credit will return $118.8 million in cash to its borrowers, with another $124.7 million in allocated equities declared for potential disbursement.

“We return almost all of our earnings back to our membership and believe our Patronage Program is one of the strongest in the country,” said Sally Lawson, chief financial officer. “We’re proud to support rural Texas by providing agricultural producers with capital to sustain their operations and agriculture production throughout the state.”

Capital Farm Credit has paid cash and allocated equity of $2.9 billion over the years, upholding the same mission since its establishment more than a century ago.

The Association’s Patronage Program effectively lowers the cost of doing business for farmers, ranchers and recreational property owners. This tradition of strong earnings continues to benefit cooperative membership.

“As a member-owned cooperative, we make governing decisions with our stockholders in mind,” said John Malazzo, chairman of the board of directors. “Our Patronage Program is a unique and powerful benefit of doing business with our cooperative.”

“When Capital Farm Credit is successful, our members share in that success.”