Farm Credit Services of America have sent cash back dividend payments to their customers for 2013. Farm Credit’s Chief Financial Officer Craig Kinnison says this year’s payout is a record $ 145 million dollars. He says that was determined by how they did in 2013 and what they expect to do in the year ahead.
Kinnison says their projections are very positive and helped lead their board to offer another cash back dividend program in 2014 which would be the 11th year they’ve had this type of return for their member owners.
He says the 2013 payments will be distributed in the first quarter of 2014 and the 2014 dividend amount will be determined in December of next year. Farm Credit Services of America based in Omaha serves ag customers in Nebraska, Iowa, South Dakota and Wyoming.