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Farm Credit of Northwest Florida returns over $1.8 Million in Interest Rebates to Customers


Farm Credit of Northwest Florida recently distributed over $1.8 million for the revolvement of prior years’ Allocated Surplus through interest rebates to over 1,200 rural property, farm and forestry business owners and operators across Northwest Florida. As a cooperative, when Farm Credit returns a portion of our profits to our customers, they are able to share in the success of the Association through patronage dividends.

“Being able to consistently pay a healthy patronage dividend to our customers mirrors the strength of our cooperative,” states President/CEO Rick Bitner. “It’s rewarding to help customers who want to live a rural lifestyle along with returning a portion of our earnings through the cooperative structure.” The cooperative structure provides customers with local servicing and control through the Board election process along with the opportunity to share in the profits of the Association. Farm Credit has been helping rural America grow for over 100 years as a value added lender. Chairman of the Board of Directors, Richard Terry stated, “The board of directors is committed to maintaining a financially strong cooperative that combines expertise with strong customer value-added resources and a long-term commitment to the industries we serve. No other lender is better at financing agriculture or giving back to it.”

Farm Credit of Northwest Florida is part of the nationwide Farm Credit System, providing financing for agriculture, timber operations and businesses related to agriculture. Additionally, Farm Credit specializes in lending for rural land and homes, whether for purchases, refinances, improvements or construction. Farm Credit of Northwest Florida serves all 18 counties in the Florida panhandle with offices in Monticello, Tallahassee, Marianna, Milton and Jay, FL. For more information about the types of financing available or how Farm Credit shares profits with customers, visit us at