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. 

Patronage is a key benefit of being a stockholder of Mississippi Land Bank. Our patronage program is the cornerstone of the cooperative business model and can significantly reduce the cost of borrowing for our member-borrowers. 

As part of the nation-wide Farm Credit System, Mississippi Land Bank is cooperatively-owned, meaning we are owned by our member-borrowers and that they, in turn, share in our financial success when the Association performs well.

Learn more about other benefits of our cooperative business structure here: https://www.mslandbank.com/about/membership-benefits