The Capital Farm Credit (CFC) Board of Directors approved a $42.67 million cash retirement of allocated equities issued in 2006, 2007 and 2008. Borrowers from those years will receive their share of the cash payment in November.
Combined with cash patronage paid in March this year, CFC has returned total cash distributions of $84.77 million in 2013.
CFC has a long tradition of strong earnings that accrues to the benefit of its customers. Its mission to provide financing and related services to agriculture and rural America, through its patronage, affords its membership net borrowing costs lower than many competitors. Visit the company’s website for more information. PD
—From Capital Farm Credit news release
