GreenStone celebrates record patronage

GreenStone Farm Credit Services members will receive a record $120 million in patronage this month.

CEO Travis Jones tells Brownfield $13 billion in assets and record farm income throughout Michigan and Wisconsin helped support the large dividends.

“This year that equates to over 40 percent of our net income getting paid back,” he says.

Last year was a strong year for most commodities and Jones says this year is looking similar with farmers in strong cash positions.

“Their balance sheets are as healthy as they’ve been in a number of years, and so really their borrowings on their lines of credit are at a lower level than they have been historically,” he shares.

Jones says growth in capital markets during the beginning of 2023 is about 10 percent ahead of last year, also making for a healthy portfolio.

Customers will be able to pick up checks on March 16 for GreenStone’s annual Patronage Day.

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