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Central Kentucky Ag Credit is in the process of distributing more than $2.9 million to borrowers throughout 17 central Kentucky counties.
Ag Credit’s Board of Directors authorized the patronage and distribution of funds started in mid-March and will continue in April.
The money is being paid as a result of the cooperative’s record earnings in 2013.
According to Jim Caldwell, president and CEO, Ag Credit had net income of $10.45 million in 2013, eclipsing the $10 million mark for the first time in its 80-year history.
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