By Scout Nelson
In an exciting announcement for the agricultural community, Farm Credit Services of America (FCSAmerica) is set to return $357 million in cash-back dividends to its customer-owners in Nebraska, Iowa, South Dakota, and Wyoming. This gesture underscores FCSAmerica's enduring commitment to the cooperative business model and its members' financial well-being.
Mark Jensen, FCSAmerica's president and CEO, highlighted the significance of the dividends as both a reward for the cooperative's members and a means to foster investment in agricultural operations and rural communities. "Our 20-year streak of cash-back dividends showcases our financial resilience and dedication to adding value for our customer-owners," Jensen stated.
The 2024 cash-back dividends represent a 1% return based on the eligible average daily loan balance for each customer with FCSAmerica. This initiative not only rewards loyal members but also strengthens the agricultural economy in the cooperative's four-state service area.
The FCSAmerica Board of Directors has green-lighted a dividend from the 2024 net earnings, the specifics of which will be decided in December. Since initiating its program in 2004, FCSAmerica has given back over $3.3 billion to its members, enhancing its role as a crucial supporter of the agricultural sector.
The distributions are part of a larger effort to sustain agriculture and rural areas, with county-level details accessible through an interactive map. This year's distribution continues a proud tradition, reflecting FCSAmerica's solid financial position and its commitment to the communities it serves.
Photo Credit - farm-credit-mid-america
Categories: Nebraska, Business