News

Mississippi Land Bank is thrilled to return $7.5 million, or 51% of our net income, in cash patronage to our borrowers, based on our 2023 earnings. This means a decrease in our borrowers' effective interest rate for 2023 by approximately 82 basis points (0.82%). Since 1996, we've returned nearly $70 million in patronage to our customers.

Meet our summer interns: Austin and Drew! Hernando native, Austin Sandifer, is a senior at Mississippi State, majoring in Agricultural Science. His plan is to one day pursue a career in ag management. New Albany native, Drew Vance, is a senior finance major at Mississippi State. Upon graduation, he plans to work in ag finance.

Building relationships with our customers is at the core of what we do. We're proud to return $7.5 million in cash patronage to you, our borrowers, through our cooperative partnership. Since 1996, we've returned over $61 million in patronage to our stockholders. This means a decrease in our borrowers' effective interest rate for 2022 by approximately 83 basis points (0.83%).