By Jorge Mercado Tuesday, February 18th, 2025

AgWest Farm Credit, an agricultural lending cooperative serving agricultural producers with multiple locations on the Central Coast, distributed $414 million in cash patronage dividends to its customer members. 

Announced Feb. 5, these dividends, which amount to 1.25% of customers’ eligible average daily loan balances in 2024, will help reduce borrowing costs for eligible farmers, ranchers, timber producers and others across the West.

AgWest Farm Credit was established on Jan. 1, 2023, through the merger of Farm Credit West and Northwest Farm Credit Services. 

“In support of our members, we are committed to sustaining a strong and reliable patronage program, and this year’s distribution is a testament to our cooperative strength and shared success,” said Bill Perry, AgWest President and CEO. “By sharing the financial benefits of our cooperative structure, we’re helping our members thrive, even during challenging times.”