AgWest gives back to customers and communities
As part of the cooperative's patronage program, AgWest distributed $414 million in cash patronage dividends to customer-members. These dividends – equal to 1.25% of customers’ eligible average daily loan balances – help to reduce borrowing costs for customer-members, provide direct benefits to producers, and reinforce AgWest's mission to strengthen the agricultural community.
The patronage program represents a critical component of AgWest's cooperative structure. Each year, the AgWest Board of Directors reviews the organization’s net earnings to determine the balance between reinvesting in its capital strength and returning value to customer-members. The result is a combination of competitive interest rates and direct financial returns.
In addition to patronage dividends, AgWest invested more than $7.3 million in charitable giving throughout the states it serves. These investments included funding for agricultural education initiatives, rural infrastructure projects and disaster preparedness for communities. AgWest’s stewardship program complements this financial commitment by focusing on lasting community impacts.
“AgWest goes beyond supporting the financial needs of our farmers and ranchers,” said Arizona State President David Penney. “Our patronage dividends reduce borrowing costs for producers across each state we serve, and our stewardship efforts strengthen local communities. Together, these programs ensure that agriculture remains resilient and vibrant for generations to come.”
“Our ability to give back to both our members and their communities is a reflection of our cooperative values,” said Bill Perry, AgWest President and CEO. “Programs like these highlight the strength, resilience and collective dedication of AgWest to the people we serve.”
Support by state
To see how AgWest Farm Credit supports the individual state it serves, view the fact sheets below:
Learn more about AgWest’s patronage program and community stewardship efforts.