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Washington Evening Journal
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Washington, IA 52353
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Farmers in area counties receive $3.9 Million in Cash-Back Dividends from Farm Credit Services of America
Patronage payments issued in late January reflect the financial strength of the cooperative and its focus on returning value to customer-owners
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MOUNT PLEASANT — Farmers and ranchers in Des Moines, Henry, Jefferson, Lee, Louisa and Van Buren counties will be receiving $3.9 million in cashback dividends returned by Farm Credit Services of America (FCSAmerica). This marks the 22nd consecutive year FCSAmerica has returned a share of its net earnings to customer-owners, reflecting the cooperative’s financial strength and focus on returning value through its annual patronage program. Eligible customer-owners were issued patronage payments the last week of January.
“The 2025 cashback dividends underscore our dedication to sustain a patronage program that customers can count on,” said Dana Morgan, FCSAmerica Board Chairperson and Iowa producer. “Cashback dividends differentiate us as an agricultural lender and demonstrate the value we offer to the farmers and ranchers we serve.”
2026 Cash-Back Dividends Distribution
This year’s cashback dividend is equal to 100 basis points — or a return of 1% of a customer’s 2025 eligible average daily loan balance with FCSAmerica. The 2026 payout equates to the following county-level distributions:*
— $372,000 in Des Moines County.
— $735,000 in Henry County.
— $1.1 million in Jefferson County.
— $552,000 in Lee County.
— $785,000 in Louisa County.
— $329,000 in Van Buren County.
*Amounts are rounded.
Payout data for every county in Iowa is available on the 2026 Iowa Cash-Back Dividends Distribution Map.
The Board of Directors for FCSAmerica has also approved a cashback dividend to be paid from the cooperative’s 2026 net earnings, the amount of which will be determined in December. Since 2004, FCSAmerica has offered a patronage program and shared its success in the form of cashback dividends. The cooperative has now returned $1.62 billion to farmers, ranchers and agribusinesses in Iowa.
“As a cooperative, FCSAmerica is built to serve its customers through every season,” said Morgan. “Cashback dividends are one way we deliver on that promise by sharing our success with the farm and ranch families who feed and fuel our communities.”
