The Thomaston branch will be closed until Thursday, July 29.
The Baxley branch will have temporary office hours from 9am-4pm until further notice.
You can reach your loan officer directly via their cell phone or 844.AGSOUTH.

Patronage Program

Sharing profits with our members

As a cooperative, AgSouth is owned by our member-borrowers. One of the most important financial benefits is sharing in the profits of the association through our patronage program. Patronage reduces the cost of borrowing by returning a portion of our net income to our borrowers based on the proportion of interest paid on their loan and total interest earned by the association.

AgSouth Farm Credit patronage distribution history

We have a strong history of being able to return a portion of our profits to our members, and have done so consecutively since 1988.

Fiscal Year  Total Distribution Cash Allocated Surplus Allocated Surplus Distributed Special All Cash Distribution % of Interest Earned
1988-2011 $419,379,236 $126,002,654 $293,376,582 $293,710,722   24.25%
2012 $27,911,845 $8,373,552 $19,538,293 $19,295,520   28.01%
2013 $29,307,209 $8,792,163 $20,515,046 $20,078,458   29.30%
2014 $29,921,281 $8,976,385 $20,944,896 $20,944,896   31.41%
2015 $26,454,596 $7,936,379 $18,518,217 $18,518,217   27.52%
2016 $28,480,210 $8,544,051 $19,936,159     28.22%
2017 $32,381,292 $9,714,388 $22,666,904     30.88%
2018 $34,154,537 $10,246,361 $23,908,176     29.80%
2019 $38,900,000 $11,670,000 $27,230,000   $8,000,000 39.39%
2020 $40,001,347 $12,000,404 $28,000,943     34.11%
Total $706,891,553 $212,256,337 $494,635,216 $372,547,813   30.29%
(Average since 1988)
 

Since 1988, AgSouth has returned more than $592,000,000 in cash and allocated surplus distributed as cash!”

*For the years 1988-2009, amounts shown are on a consolidated basis for comparative purposes. Due to various mergers during this period, the actual interest earned percentages differ from the consolidated percentages reflected. Patronage distribution is subject to board approval and is not guaranteed or implied.

Patronage economic impact

See the approximate breakdown of our 2020 patronage distribution for each of our branches:

Georgia South Carolina
Baxley: $972,070 Aiken: $895,368
Blackshear: $1,804,315 Allendale: $1,036,040
Carrollton: $1,228,480 Anderson: $2,597,376
Douglas: $2,521,959 Batesburg: $1,953,923
Greenville: $1,591,122 Camden: $1,216,867
Griffin: $684,782 Laurens: $1,985,380
Jesup: $684,598 Orangeburg: $1,381,363
Madison: $3,171,313 Rock Hill: $1,511,629
Statesboro: $2,299,902 Spartanburg: $1,428,960
Sylvania: $684,598 St. Matthews: $282,400
Thomaston: $1,341,225 Summerville: $1,263,080
Vidalia: $919,345 Walterboro: $1,008,222

Patronage FAQ

Do you have questions about patronage distributions? Get answers to the most commonly asked questions here:

How can I find out more about my allocated surplus?
How do patronage distributions benefit AgSouth Farm Credit as an Association?
How do patronage distributions benefit AgSouth Farm Credit customers?
How is my patronage distribution issued?
What is a patronage distribution?
What is allocated surplus?
What is the bottom line on patronage distributions?
Why can’t I receive all of the patronage distribution in cash at one time?

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