Checks issued to eligible customer-owners the last week of January
OMAHA, NEB. (January 30, 2024)
Farmers and ranchers in Iowa, Nebraska, South Dakota and Wyoming will be receiving an estimated $357 million in cash-back dividends returned by Farm Credit Services of America (FCSAmerica) as part of the financial cooperative’s patronage program. Eligible customer-owners will be issued cash-back dividend checks the last week of January.
“Our ability to consistently pay a cash-back dividend for 20 years and counting is a testament to FCSAmerica’s commitment to the cooperative business model,” says Mark Jensen, the Association’s president and CEO. “The financial strength we have built is for the benefit of customer-owners and agriculture.
“Cash-back dividends are one of the many ways we strive to add value to the lending relationship with FCSAmerica. But there is also an exponential impact to putting money into the pockets of farmers and ranchers to invest in their operations, families and rural communities,” adds Jensen.
2024 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 eligible average daily loan balance with FCSAmerica. The 2024 payout equates to the following state distributions and total net income returned since 2004.
| State | 2024 | Since 2004 |
|---|---|---|
| Iowa | $125.6 million | More than $1.3 billion |
| Nebraska | $125 million | More than $1 billion |
| South Dakota | $57.3 million | More than $618 million |
| Wyoming | $6.6 million | More than $74 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 interactive 2024 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 2024 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 $3.3 billion to farmers, ranchers and agribusinesses across its four-state territory.
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 nearly $43.3 billion in assets and $7.6 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.
