About Progressive Farm Credit Services

Progressive Farm Credit Services is part of the national Farm Credit System, which was created to provide American farmers with dependable credit from people they can trust.

Progressive Farm Credit began a long history of improving yields in Southeast Missouri back in 1917, with the establishment of the Farm Credit Loan Act of 1916. After the Farm Credit Act of 1933, there were several PCAs in our current trade area that, over the years, consolidated to achieve greater efficiencies. In 1992, the remaining two PCAs (Caruthersville PCA and the Sikeston PCA) merged to form PCA of Southeast Missouri. At the same time, this newly consolidated PCA entered into a Joint Management Agreement with the FLCA of Southeast Missouri. Under joint management, each association maintained their own Board of Directors and separate stock ownership; however, they shared a single senior management team and shared branch employees, as well.

In 2001, the Production Credit Association of Southeast Missouri and the Federal Land Credit Association of Southeast Missouri, having been under joint management since 1992, merged to form an Agricultural Credit Association (ACA) with PCA and FLCA subsidiaries. They also adopted a new name: Progressive Farm Credit Services.

Because we’re a member-owned cooperative, we give farmers a unique opportunity to share in the profits of the organization in the form of patronage refunds. In 1994, the Production Credit Association of Southeast Missouri began its 100% cash patronage program. The Federal Land Credit Association of Southeast Missouri followed suit in 1998 when it began its own patronage program.

In 2006, we were delighted to return $2.7 million to borrowers in patronage refunds. This effectively lowered our net interest rate 0.86% to just 6.54%. Since 1994, Progressive Farm Credit Services has refunded over $28.5 million to our borrowers.

Based in the heart of America, Progressive Farm Credit Services serves farming communities in Bollinger, Butler, Carter, Cape Girardeau, Dunklin, Mississippi, New Madrid, Pemiscot, Ripley, Scott, Stoddard and Wayne Counties in Southeast Missouri.

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