Our unique cooperative structure

Patronage payments are a cornerstone of the cooperative business model and can significantly reduce the cost of financing for our borrower-owners.  As part of the nation-wide Farm Credit System, Mississippi Land Bank is cooperatively owned, meaning we are owned by our borrower-owners and that they, in turn, share in our financial success when the Association performs well. Mississippi Land Bank has been able to share its financial success with our stockholders through our patronage program. We have returned over $75 million to our customers over the past 28 years. Patronage distributions are dependent upon the financial health of the Association, which is measured by various metrics such as Net Income, Return on Assets, and Capital Adequacy. All distributions are paid in cash.

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Our Patronage History: Consistent Returns

It is the board and management’s priority to maintain a healthy patronage payout each year. Quality of earnings based on sound credit philosophy continues to be the primary driver of our ability to meet this priority.

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“Since 1996, Mississippi Land Bank has returned more than $75 million to its borrower-owners. That’s money put back into North Mississippi’s rural communities,” says Chad Crow, CEO. “When you finance through us, you become a stockholder and owner of this association and may be eligible to receive patronage returns, among other membership benefits.”

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At the end of 2024, the Board of Directors approved a $6 million cash patronage to borrower-owners to be paid in early 2025. This significant return is just one of the many benefits of the cooperative structure. It’s also a testament to our commitment to share our success with our borrowers across North Mississippi as we return nearly 40% of our earnings from 2024.

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