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Ag Credit to Distribute a Record $7.7 Million to Central Kentucky Member-Borrowers

For the 25th Consecutive year Ag Credit has distributed patronage checks.

Central Kentucky Ag Credit, a cooperative lending institution for the farm and rural communities, is proud to announce patronage distributions will be made for the 25th consecutive year to members of the cooperative on April 1st. 

Eligible members will receive a refund of approximately 30% of the accrued interest on their loans for 2021 in the form of a patronage check. The patronage will be paid in the amount of $7.7 million to the members of the Association. The checks will be available for pick up in the local branch offices and by mail.. 

At the end of each year, the Central Kentucky Ag Credit board determines the level of patronage distribution based on financial performance and future capital needs. Then it distributes the remainder as patronage dividends to owner-customers, as determined by their loan activity level during the prior year.

Now, more than ever, farmers depend on the financial stability of a well-run cooperative. Patronage dividends are often used by member-borrowers to reinvest in their operations, families and rural communities. By distributing profits to the members, it reduces their effective cost of borrowing. 

“In challenging times like these, we’re even more committed to ensuring that our member-borrowers can share in our ongoing financial success,” said Central Kentucky Ag Credit President and CEO Jim Caldwell. “We strive to provide the consistency that farmers in our region depend on, and we understand that these distributions strengthen our agricultural economy and the communities we proudly serve.”

Ag Credit has served the Central Kentucky region since 1934 as a member of the Farm Credit System. The financial cooperative provides lending services through seven full-service offices in the Bluegrass. Loans are made to finance land, homes, farm buildings, operating expenses, livestock and equipment, as well as other purposes.  

To learn more about Central Kentucky Ag Credit’s patronage distribution, visit us at

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