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FCS America returns $943,000 to local farmers

Farm Credit Services of America (FCSAmerica) announced today that eligible customer-owners in Tama County will receive checks this month totaling more than $943,000 their share of the financial cooperative’s record $160 million cash-back dividend for 2014.

FCSAmerica has distributed a portion of its net earnings to eligible customer-owners for each of the past 11 years, returning a total of nearly $1 billion in cash-back dividends to farmers, ranchers and their local communities. The share returned to Iowa customer-owners since 2004 amounts to more than $435.7 million. Eligible customer-owners served by FCSAmerica’s Marshalltown office have received a total of $19.9 million in cash-back dividends.

“Cash-back dividends represent a very tangible example of the power of ownership” said Alan Erickson, vice president of FCSAmerica’s Marshalltown office. “Our customer-owners not only receive cash-back dividends but also elect the Board of Directors, which focuses on maintaining the financial strength of the cooperative. This cash provides customers with a source of funds to invest in their businesses, communities or families.”

Each eligible customer’s cash-back dividend is based on the average loan volume during the calendar year. The more eligible loan business a customer has with the cooperative, the more they benefit financially through cash-back dividends.

The FCSAmerica Board of Directors approves each year’s cash-back distribution in December based on a number of factors, including the cooperative’s financial performance. During the 11 years that FCSAmerica has distributed cash-back dividends, net income has grown to $536.5 million from $294 million and members’ equity has increased to $4 billion from $1.5 billion.

For more information on the 2014 cash-back dividend, including county-by-county distributions, visit powerofownership.com.

About Farm Credit Services of America

Farm Credit Services of America is proud to finance the growth of rural America, including the special needs of young and beginning producers. With assets of more than $23 billion, 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. For more information, visit fcsamerica.com.

FCS America returns $943,000 to local farmers

Farm Credit Services of America (FCSAmerica) announced today that eligible customer-owners in Tama County will receive checks this month totaling more than $943,000 their share of the financial cooperative’s record $160 million cash-back dividend for 2014.

FCSAmerica has distributed a portion of its net earnings to eligible customer-owners for each of the past 11 years, returning a total of nearly $1 billion in cash-back dividends to farmers, ranchers and their local communities. The share returned to Iowa customer-owners since 2004 amounts to more than $435.7 million. Eligible customer-owners served by FCSAmerica’s Marshalltown office have received a total of $19.9 million in cash-back dividends.

“Cash-back dividends represent a very tangible example of the power of ownership” said Alan Erickson, vice president of FCSAmerica’s Marshalltown office. “Our customer-owners not only receive cash-back dividends but also elect the Board of Directors, which focuses on maintaining the financial strength of the cooperative. This cash provides customers with a source of funds to invest in their businesses, communities or families.”

Each eligible customer’s cash-back dividend is based on the average loan volume during the calendar year. The more eligible loan business a customer has with the cooperative, the more they benefit financially through cash-back dividends.

The FCSAmerica Board of Directors approves each year’s cash-back distribution in December based on a number of factors, including the cooperative’s financial performance. During the 11 years that FCSAmerica has distributed cash-back dividends, net income has grown to $536.5 million from $294 million and members’ equity has increased to $4 billion from $1.5 billion.

For more information on the 2014 cash-back dividend, including county-by-county distributions, visit powerofownership.com.

About Farm Credit Services of America

Farm Credit Services of America is proud to finance the growth of rural America, including the special needs of young and beginning producers. With assets of more than $23 billion, 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. For more information, visit fcsamerica.com.