Patronage payments issued in late January reflect the financial strength of the cooperative and its focus on returning value to farmers and ranchers
OMAHA, NEB. (February 3, 2026) – Farmers and ranchers in Iowa, Nebraska, South Dakota and Wyoming will be receiving more than $429 million in cash-back dividends returned by Farm Credit Services of America (FCSAmerica). This marks the 22nd consecutive year FCSAmerica has returned a share of its net earnings to customer-owners, reflecting the cooperative’s financial strength and focus on returning value through its annual patronage program. Eligible customer-owners were issued patronage payments the last week of January.
"FCSAmerica remains committed to supporting the producers who drive our industry,” said Mark Jensen, the financial cooperative’s president and CEO. “In times of uncertainty, these dividends help ease financial pressures and reinforce our partnership. We’re proud to be a cooperative that stands with agriculture in every season.”
2026 Cash-Back Dividends Distribution
This year’s cash-back dividend is equal to 100 basis points—or a return of 1% of a customer’s 2025 eligible average daily loan balance with FCSAmerica. The 2026 payout equates to the following state distributions and total net income returned since 2004.
State | 2026 | Since 2004 |
|---|---|---|
Iowa | $143.9 million | $1.62 billion |
Nebraska | $164 million | $1.34 billion |
South Dakota | $67.5 million | $747.7 million |
Wyoming | $7.9 million | $89.2 million |
Customers whose cash-back dividends are distributed to locations outside FCSAmerica’s service territory are not included in the state-by-state totals. County-level payout data is available on the 2026 Cash-Back Dividends Distribution Map.
The Board of Directors for FCSAmerica has also approved a cash-back dividend to be paid from the cooperative’s 2026 net earnings, the amount of which will be determined in December. Since 2004, FCSAmerica has offered a patronage program and shared its success in the form of cash-back dividends. The cooperative has now returned more than $4.1 billion to farmers, ranchers and agribusinesses across its four-state territory.
“At FCSAmerica, cash-back dividends represent more than numbers on a balance sheet, they reflect our deep commitment to the farm and ranch families who feed and fuel the communities we serve,” said Jensen. “Every dollar returned is a reminder of our shared success.”
