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.
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.