Your More Than Just A Borrower!

At Farm Credit Midsouth  you are more than just a borrower, you are a member of a cooperative - that is a business owned and controlled by the people using its services.

What is a Patronage Refund?

Most businesses return their earnings to their investors, not their

customers.  At Farm Credit Midsouth since our borrowers are also investor-owners they receive a portion of those earnings as determined by the Board of Directors. 

Who is Eligible?

All borrowers who have loans that have contributed to the association income.

How Much Will I Get?

Patronage payments are based on the amount of net interest income earned on each eligible borrower/owner during the previous year.  So the more you pay in the more you get back!!

Are Patronage Refunds Taxable?

Yes.  Cash patronage refunds are taxable to the recipient.  IRS Form 1099-PATR will be sent to all recipients each January in the year following the actual patronage payment.

This information is a summary of the Program.  Customer-owners can obtain additional  information by contacting the Sr. Vice President Credit or the Chief Financial Officer at 870-932-2288.