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Capital Farm Credit stockholders to receive fall 2013 cash payout totaling $42.67 million
Oct 17, 2013 | 38 views | 0 0 comments | 5 5 recommendations | email to a friend | print
KENEDY, Texas — Capital Farm Credit Board of Directors approved a $42.67 million cash retirement of allocated equities issued in 2006, 2007 and 2008. Borrowers from those years will receive their share of the cash payment in November.

Combined with cash patronage paid in March this year, Capital Farm Credit has returned total cash distributions of $84.77 million in 2013.

Capital Farm Credit has a long tradition of strong earnings which accrues to the benefit of its customers. Capital Farm Credit’s mission to provide financing and related services to agriculture and rural America, through its patronage, affords its membership net borrowing costs lower than many competitors.

“Capital Farm Credit values its customers and the more efficiently we operate, the more profits we can share,” said Ben Novosad, chief executive officer. “We believe this is a value-added service that sets us apart from other financial institutions.”

Capital Farm Credit, with 70 locations in Texas, has nearly 100 years of experience providing financing to farmers, ranchers and other rural property owners. For more information about Capital Farm Credit, its patronage program and its office locations, visit www.CapitalFarmCredit.com.
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