In the News

Western AgCredit is pleased to report that 2012 was an exceptionally successful year for the Association. An average of 85 basis points (effectively lowering the cost of borrowing by .85%) was paid out to members, totaling $3.9 million in patronage paid from 2012 earnings. In addition to making significant cash patronage payments to

Stockholders, the Association was able to increase its capital, which is necessary to ensure the continued viability and growth of Western AgCredit.

“The quality of our loan portfolio has never been higher, delinquencies have never been lower, we experienced strong growth from all regions of the Association, and we’re paying the largest patronage payment in our history,” said President Richard Weathered. “We feel honored to be able to conduct business with our stockholders and customers. Thank you for the trust that you place with Western AgCredit.”

Western AgCredit plans to continue to pay patronage according to the Patronage Program established in 2005 by the Board of Directors. Western AgCredit’s strength reflects the strength and stability of its customer base, and the Board of Directors and Association employees are grateful for the relationships they have with Association customers and look forward to another successful year in 2013.

To view the Annual Report, click here.