Farm Credit returns millions in cash-back producer dividends

    Farm Credit Services of America is returning $341 million of its 2022 net income to farmers and ranchers in Nebraska, Iowa, South Dakota and Wyoming.
    Cash-back dividend checks were mailed Jan. 26 and will be in the hands of the customer-owners shortly.
    Of that total, Chase County producers will be receiving $1.407 million.
    The share of the 2022 cash-back dividend going to Nebraska customer-owners across the state is $112.9 million for a 19-year total of nearly $906 million.  
    FCSAmerica is a financial cooperative that for the past 19 years has shared its success through its cash-back dividend program. FCSAmerica has returned more than $2.9 billion to eligible customer-owners since 2004.
    This is money that has gone into the pockets of local farmers and ranchers to invest in their operations and families and to spend in their communities.
    “The benefit of our cash-back dividends grows exponentially with every investment our customer-owners make in their businesses and community,” said Mark Jensen, CEO and president of FCSAmerica.
    This year’s cash-back dividend is equal to 100 basis points – or a return of 1% of a customer’s eligible daily 2022 balance with FCSAmerica.
    Customers whose cash-back dividends are distributed to locations outside FCSAmerica’s service territory are not included in the state-by-state totals.  
    The FCSAmerica Board of Directors has approved a cash-back dividend to be paid from the cooperative’s 2023 net earnings, the amount of which will be determined in December.