At Farm Credit Midsouth, you are more than just a borrower; you’re a member of a cooperative, which is a business owned and controlled by the people it serves, meaning farmers and ranchers in Northeast Arkansas and Southeast Missouri. Most businesses share profits with their investors, so since our members are owners/investors, they receive a portion of our earnings as determined by the Board of Directors.
All eligible borrowers who have loans and/or leases that have contributed to the association’s net income are eligible for the program. Patronage refunds are determined by the amount of net interest income earned on each eligible borrower/owner during the previous year.
Patronage payments are considered taxable income. IRS Form 1099-PATR is sent to all recipients each January in the year following the actual patronage payment.
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