Agriculture Notes

Agriculture Notes

March 28, 2004

MidAtlantic Farm Credit distributing $19.9 million

MidAtlantic Farm Credit is distributing more than $19.9 million to its member-borrowers as part of the company's patronage refund program.

A cooperative lending organization, MidAtlantic Farm Credit is returning almost 25 percent of the interest paid by members last year. It is the largest return in the cooperative's history.

The company, with headquarters in Westminster, is one of the largest agricultural lenders on the East Coast. It has more than $1.5 billion in loans outstanding to more than 9,000 member-borrowers.

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