“Northwest Farm Credit Services had another year of strong financial performance in 2014,” reported Karen Schott, Northwest FCS Board Chair and Montana farmer. “Our patronage program allows us to share earnings with our customer owners, which provides a significant financial boost to rural communities throughout the Northwest.”
Since the patronage program began in 2000, $498.7 million in cash patronage has been paid to customers who borrow money from the cooperative.
“Our continued financial success has allowed us to provide a consistent level of patronage to our customers, while at the same time, build our overall financial capacity. Strong earnings and capital allow us to work with our customers through the economic ups and downs of the global marketplace,” said Schott.