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Patronage Program

sugar cane harvest

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 2017, Louisiana Land Bank distributed $6.5 million cash to stockholders through our patronage program based on the association’s 2016 earnings.