Innovations

FCSAmerica distributes record cash-back dividend for 2019

The board of directors for Omaha-based Farm Credit Services of America (FCSAmerica) has distributed a record cash-back dividend for 2019 to the farmers and ranchers it serves in Iowa, Nebraska, South Dakota and Wyoming.

According to an FCSAmerica news release, “the Board of Directors approved a cash-back dividend equal to 100 basis points, or 1% of a customer’s eligible average daily loan balance, for the financial cooperative’s 2019 patronage program. This represents more than $260 million of FCSAmerica’s 2019 net earnings going back to farmers and ranchers to invest in their operations, families and rural communities. Since 2004, FCSAmerica has returned $2 billion to eligible customer-owners.”

FCSAmerica sr. vice president Bob Campbell discussed the cash-back dividend program in a recent interview with Brownfield.