In celebration of Memorial Day, all offices will be closed on May 29, 2023.
Pictured left to right front row: Cullen Kovac, Bobby Hanks, Ben Guthrie, Mark Morgan, Stephen Austin.
Second row: Dr. Bobby Soileau, John Earles, John L. Van Mol, Jr., Kristin Guillory, Gert Hawkins and Henry Capdeboscq.
Not pictured: Ed Patrick.
Every year the directors of Louisiana Land Bank decide how much of the Association’s earnings must be maintained as capital to fund growth and how much can be returned to its borrowers through the patronage program. Patronage can be distributed in cash or as allocated equity. In March 2023, Louisiana Land Bank will distribute $10.6 million in cash to its borrowers through the patronage program based on the Association’s 2022 earnings. The more business borrowers do with the co-op, the greater their patronage refund. This is the Association’s way of returning a portion of the interest its borrowers paid on their loans.
The Association’s patronage program is just one more reason to do business with Louisiana Land Bank!
Patronage is another distinct benefit of doing business with a cooperative. As a customer and stockholder of Louisiana Land Bank, you share in the co-op’s earnings when it performs well.
Every year, the Louisiana Land Bank Board of Directors decides how much of our earnings must be maintained as capital to fund our growth and how much can be returned to customers through our patronage program. Patronage can be distributed in cash or as allocated equity.
The more business borrowers do with the co-op, the greater their patronage refund. It is our way of returning a portion of the interest our borrowers paid on their loans.
In March 2023, Louisiana Land Bank will distribute $10.6 million in cash to its borrowers through the patronage program based on the Association’s 2022 earnings.
Click Here to hear about patronage.
As a co-op, Louisiana Land Bank is owned by the people it serves. This structure gives borrowers—farmers, ranchers, agribusinesses, rural homeowners and other rural landowners—a strong voice in the association’s operations and a vested interest in its success.
| Cooperative Structure | Advantages & Benefits |
|---|---|
| Co-ops represent "business with a face". |
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| Co-ops #1 priority is to provide value for its stockholder-customers. |
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| As owners, co-op customers have a say in the business's governance. |
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Are you a Young, Beginning or Small farmer or rancher? Learn how we can put our experience in rural lending to work for you.
Learn More About YBSAs a cooperative, Louisiana Land Bank, ACA is committed to the best interest of our stockholders as well as our dedicated workforce. As the leading agribusiness lender in Louisiana for over 100 years, we recognize that human capital is our most valuable asset.
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