December 21, 2017
2017 dividend checks will be mailed to eligible customer-owners of Farm Credit Services of America in March 2018.
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 Board of Directors has approved a cash-back dividend for 2018, with the amount of the distribution to be decided in December 2018.
Source: Farm Credit Services of America
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