Farm Credit of Arkansas has 10,800 members in Arkansas and those members will receive a check from the financial cooperative this month. Farm Credit will disperse $15.5 million to its members, according to the agency.
The cooperative is made up four agencies – AgHeritage Farm Credit Services, Delta Agricultural Credit Association, Farm Credit Midsouth, and Farm Credit of Western Arkansas. The cooperative has $3.3 billion in assets. Farm Credit finances farms, homes, land, livestock, equipment and other items.
Each year the cooperative shares a portion of its profits with its members. Those returns have totaled $184 million in Arkansas since 1997. The Farm Credit system supports Arkansas’ rural communities through CoBank agribusiness cooperative loans which provide essential infrastructure services. Farm Credit organizations provide more than $4 billion in loans, leases, and related services in The Natural State. About $25.8 million was returned to customer and the Arkansas’ economy this year, according to the cooperative. For more information visit ARFarmCredit.com.