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Fresno Madera Farm Credit Announces Record Patronage Distribution Amidst Challenging Year for Agriculture
In a year marked by significant challenges for many growers, including high input costs, softer pricing for many commodities, and a myriad of harvest challenges, Fresno Madera Farm Credit (FMFC) is proud to announce a record distribution of $19.4 million in cash patronage to its member borrowers. This year's distribution represents 1.00% of each member's average daily borrowing for 2023 and reflects the board's understanding of the current economic landscape and its commitment to supporting members when they need it most.
In a year marked by significant challenges for many growers, including high input costs, softer pricing for many commodities, and a myriad of harvest challenges, Fresno Madera Farm Credit (FMFC) is proud to announce a record distribution of $19.4 million in cash patronage to its member borrowers. This year's distribution represents 1.00% of each member's average daily borrowing for 2023 and reflects the board's understanding of the current economic landscape and its commitment to supporting members when they need it most.
