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Farm Credit of Northwest Florida returns profits to member-owners

Profit returned

MARIANNA, FL - Farm Credit of Northwest Florida, a customer-owned lending cooperative, is distributing $4.4 million of its 2023 profits in cash to its member-owners.

“Farm Credit’s mission is to provide reliable, consistent credit to the rural areas it serves. Returning excess profits to borrowers reduces their effective cost of borrowing and the money distributed to area farmers and landowners has a lasting impact on the economies of their rural communities,” stated John Gregory, CEO and President of Farm Credit of Northwest Florida.

Patronage is a distribution of earnings by the cooperative to members based on the amount of business the member does with the cooperative. Mark Fletcher, Board Chairman, states, “With high interest rates and challenging times for agriculture and rural communities, the board of directors is delighted to distribute these funds back into the hands of our members.”

Farm Credit of Northwest Florida is rooted in rural communities and passionate about helping those who call them home prosper. Along with loans to help finance the dreams of people who want to Live, Work or Play in the Country, the cooperative’s Rooted in Giving Program invests into the fabric of Panhandle communities through charitable donations, educational programs, sponsorships, and this meaningful $4.4 million in funds back to our members and their communities.

About Farm Credit of Northwest Florida - It is a member-owned financial cooperative headquartered in Marianna, Fla., serving 18 counties throughout the Florida Panhandle. Farm Credit offers highly competitive credit to meet the financing needs of rural land and homeowners, farmers, and agribusinesses. For more information about the types of financing available or how cooperative lenders share profits with borrowers, visit

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