Lone Star Ag Credit distributes $22 million in dividends to customer-owners

Lone Star Ag Credit is distributing a total of $22 million in patronage dividends to its customer-owners, based on its strong financial results for 2020.

The cash patronage payment is a record for the rural lending cooperative.

“As a cooperative, we are committed to returning surplus earnings to our customer-owners,” said Joe Hayman, Lone Star Ag Credit chief executive officer. “While 2020 was a challenging year in many respects, the Association had a tremendous year financially, and we’re thankful to be able to return nearly two-thirds of our 2020 net income in cash to our customers.”