Current and former members of AgSouth Farm Credit received nearly $44 million in two separate distributions this spring.
Customers in Bryan, Bulloch, Candler, Emanuel, Evans and Jenkins counties received more than $1.3 million in cash.
In March, the cooperative returned more than $29 million for the year ending Dec. 31, 2014. Nearly $9 million was distributed in cash, and the remaining $20.6 million set aside in allocated surplus to be returned at a later date. The agricultural lending cooperative has typically revolved allocated surplus funds on a five-year cycle and was able to continue to that model by revolving more than $14 million from 2009 in May of this year. Patronage distributed in cash from 2014 profits and allocated surplus returned from 2009 profits resulted in a total cash distribution of $23 million.
AgSouth is headquartered in Statesboro.