Farm Credit Services of America has approved a 2017 cash-back dividend of $200 million for its eligible customer-owners. Bob Schmidt is FCS Senior Vice President for South Dakota. He says this will be very helpful for producers in this tight margin environment.
Schmidt says being able to offer the dividend in this tough economic cycle is a tribute to their cooperative success model. And it will be felt in the rural communities in which patrons reside.
He says the amount of dividend varies per customer depending on the size of their portfolio. However, the dividend will substantially decrease the borrowing cost for farmers.
The 2017 dividend checks will be mailed to Farm Credit Services customer-owners in March 2018.
