Our Unique Cooperative Structure

‍

Patronage payments are a cornerstone of the cooperative business model and help reduce the cost of financing for our customer-owners.

‍

As part of the nationwide Farm Credit System, Mississippi Land Bank is a cooperative owned by the very people we serve. Our customers are also our owners, which means when the Association performs well financially, our customers share in that success.

‍

Through our patronage program, Mississippi Land Bank has returned more than $79 million to our customers since 1996. Patronage distributions are based on the financial health of the Association and are determined using key performance measures such as net income, return on assets, and capital adequacy. All patronage payments are distributed in cash.

‍

Our Board of Directors and management team prioritize maintaining a strong and consistent patronage payout each year.

‍

A disciplined lending approach and a commitment to sound credit practices drive the quality of our earnings, helping ensure we can continue returning value to our customer-owners. The patronage program is just one of the many advantages of our cooperative structure—and a reflection of our commitment to sharing success with the farmers, landowners, and rural communities we serve across North Mississippi.

‍

‍

‍