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Farm Country

AgCredit declares patronage refund of 30.03 percent in ’17

FOSTORIA — One of northern Ohio’s largest lenders for farmers, rural homeowners and agribusiness recently declared a patronage refund of 30.03 percent for 2017, resulting in $24.1 million refunded to its member borrowers. This patronage payment provides a refund to the lending cooperative’s shareholders of 30 cents for every dollar they accrued in interest on their loans for the past year.

MPP Dairy program improved

The USDA’s Farm Service Agency encourages dairy producers to consider enrolling in the new and improved Margin Protection Program for Dairy (MPP-Dairy), which will provide better protections for dairy producers from shifting milk and feed prices.

AgCredit creates mission fund

FOSTORIA — AgCredit, one of northern Ohio’s largest lenders for farmers, rural homeowners and agribusiness, has announced the formation of the AgCredit Mission Fund. The Mission Fund will fund AgCredit’s Joe Leiser college scholarship program along with grants to organizations who meet the objective and focus of the fund.

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