Southwest Georgia Farm Credit Announces $5.8 million Patronage Distribution

Southwest Georgia Farm Credit, a leading provider of agricultural financing solutions, is pleased to announce that it will distribute $5.8 million of its 2024 profits to its valued member-owners. The distribution, which will take place in early April, reflects the association’s strong financial performance and commitment to support the agricultural community in southwest Georgia. Since 1988, the Association has returned $168 million to its members.

The patronage distribution will be paid in the form of cash, providing members with additional financial resources to invest in their operations. This distribution represents a key component of Southwest Georgia Farm Credit’s cooperative structure, which returns a portion of the association’s earnings to its members.

“We are glad to be able to announce this distribution as a testament to our members’ unwavering support and the strength of the association,” said James H. Dixon, Chairman of the Board of Directors. “This distribution underscores our commitment to delivering value to our members and fostering the growth and sustainability of the agricultural community we serve.”

A patronage distribution effectively lowers a members’ cost of borrowing money. This year’s distribution represents a savings of approximately three-quarters of a percent (.75%).

“The Association recognizes the significant challenges that farmers are currently facing, from unpredictable weather patterns to rising operational costs,” said Paxton Poitevint, President and CEO. “We are hopeful that this distribution will provide some much-needed relief and support, enabling our farmers to continue their crucial work in feeding our communities and sustaining our local economy.”