In the News

On September 19th, Western AgCredit’s Board of Directors approved a mid-year patronage payment totaling approximately $1.8 million to assist customers managing through the drought. “Our goal is to provide some tangible help to producers in the area who have been negatively impacted by the drought,” said LaMar Barrington, Chief Credit Officer.

As a cooperative based lending institution, Western AgCredit returns a portion of profits to customers in the form of annual patronage payments. Traditionally, patronage payments have been paid in February. Instead of waiting to pay the entire patronage payment in February, a portion will be paid in October with the balance paid in February in order to provide timely assistance to those affected by the drought.