Farm Credit East, the Northeast's largest agricultural lender, recently released a video explaining its cooperative structure, as well as providing information on the loans and services it provides to Northeast farmers, forest product producers and commercial fishers to help their businesses be successful.
In this video, Bill Lipinski, Farm Credit East CEO, explains the advantages to working with Farm Credit East and the benefits of the cooperative structure. "Farm Credit East specializes in agriculture, so we know our customers and the industries we serve," explained Lipinski.
"We're just an extension of the farm community. Our shareholders are our owners and our customers, so we're committed to them during both the good and the bad times. When agriculture does well, we do well," Lipinski continued.
In addition to specialization and customer ownership, Farm Credit East has a patronage dividend program. Customers receive competitively priced products up front, and then the added value is the patronage dividend paid at the end of the year. Over the past 18 years, this program has returned $467 million in patronage refunds to members.
To view this short video and for more information on Farm Credit East loans and services, visit FarmCreditEast.com