For 17 consecutive years, Farm Credit Services of America has provided its customer-owners cash-back dividends.
Farm Credit Services of America (FCSAmerica) this week distributed over $275 million in cash-back dividends to its customer-owners, says Jim Knuth, senior vice president at FCSAmerica.
“We’re a mission driven, financial cooperative and our annual cash-back dividends are a great example of ownership,” Knuth says. “This is our seventeenth consecutive year that we’ve shared a portion of our earnings with our customers. Since 2004, we’ve returned more than $2.2 billion to the farmers and ranchers we serve.”
The Board of Directors for Farm Credit Services of America strives to support farmers and ranchers through every economic cycle – Good and bad,” says Knuth.
“Our cash-back dividends are something our customers can count on. In fact, our Board of Directors have announced their intention to go ahead and pay cash-back dividends of at least 100 basis points, or 1-percent for the foreseeable future,” Knuth says.
Cash-back dividends are determined by a customer’s eligible average daily loan balance. The dividend checks issued this week reflect customer success.
Knuth says, “Cash-back dividends are one way Farm Credit Services of America is working to be agriculture’s most valued financial partner.”