Cooperative has returned $1.5 billion to farmers, ranchers since 2004
OMAHA, NEBRASKA – Farm Credit Services of America (FCSAmerica), a financial cooperative owned by farmers and ranchers, approved a 2017 cash-back dividend of $200 million for its eligible customer-owners.
Since 2004, FCSAmerica has returned more than $1.5 billion to producers in Iowa, Nebraska, South Dakota and Wyoming.
“Cash-back dividends demonstrate the value of our unique cooperative business model,” said Mark Jensen, president and CEO of FCSAmerica. “As agriculture works through a tough economic cycle, our customer-owners are sharing in the cooperative’s success, and can invest the dividends in their operations and local communities.”
The Board of Directors considers a number of business and economic factors in determining the amount of each year’s cash-back dividends, including the cooperative’s financial strength. The earnings retained by FCSAmerica are used to build the cooperative’s financial capacity to continue serving agriculture.
The 2017 dividend checks will be mailed to eligible customer-owners in March 2018. The Board of Directors has approved a cash-back dividend for 2018, with the amount of the distribution to be decided in December 2018.
About Farm Credit Services of America
Farm Credit Services of America is a customer-owned financial cooperative proud to finance the growth of rural America, including the special needs of young and beginning producers. With $26.9 billion in assets and $4.9 billion in members’ equity, FCSAmerica is one of the region’s leading providers of credit and insurance services to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming. Learn more at www.fcsamerica.com.
