Checks mail the last week of January to farmers and ranchers in Iowa, Nebraska, South Dakota and Wyoming
OMAHA, NEBRASKA – January 27, 2022 – Farm Credit Services of America (FCSAmerica) is returning more than $296.5 million of its 2021 net income to farmers and ranchers in Iowa, Nebraska, South Dakota and Wyoming. Cash-back dividend checks were mailed January 27, 2022, and will be in the hands of the customer-owners shortly.
For 18 consecutive years, the financial cooperative has shared its success in the form of cash-back dividends. Since 2004, FCSAmerica has returned more than $2.6 billion to eligible customer-owners.
This year’s cash-back dividend is equal to 100 basis points – or a return of 1% of a customer’s eligible daily 2021 balance with FCSAmerica. In Iowa, this equates to a 2021 payout of $114.5 million. This puts the total net income returned to Iowa farmers, ranchers and agribusinesses in the past 18 years at $1 billion.
The share of the 2021 cash-back dividend going to Nebraska customer-owners is $98.2 for an 18-year total of $792.8 million. South Dakota and Wyoming customer-owners have been mailed $54.39 million and $5.8 million, respectively, in 2021 cash-back dividends. Since 2004, FCSAmerica has returned a total of $505 million to South Dakota and $61.3 million to Wyoming.
“FCSAmerica strives every day to add value to our customer-owners’ operations through expertise, products and services,” said Mark Jensen, president and CEO of FCSAmerica. “Our patronage program is one more way we add value. We are sharing our success in a way that directly benefits our customer-owners, their operations, families and communities.”
The Board of Directors for FCSAmerica also has approved a cash-back dividend to be paid from the cooperative’s 2022 net earnings, the amount of which will be determined in December.
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 more than $35 billion in assets and $6.7 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 fcsamerica.com.