Farm Credit Services of America Pays Out Over $429 Million in Dividends

Cooperative returns record cash-back dividends to customer-owners across four states.

Published on Feb. 21, 2026

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Farm Credit Services of America (FCSAmerica), a financial cooperative serving farmers and ranchers in Iowa, Nebraska, South Dakota, and Wyoming, has paid out over $429 million in cash-back dividends to its customer-owners. This marks the 22nd consecutive year FCSAmerica has returned a share of its net earnings to its members, reflecting the cooperative's financial strength and focus on supporting the agricultural community.

Why it matters

The cash-back dividends help ease financial pressures for farmers and ranchers in the region, reinforcing FCSAmerica's partnership with the agricultural industry. As a cooperative, FCSAmerica is committed to returning value to its customer-owners, which sets it apart from traditional financial institutions.

The details

The 2026 cash-back dividend equates to a 1% return on eligible customer-owners' average daily loan balance with FCSAmerica in 2025. The total payout is distributed across the four states, with Iowa receiving $143.9 million, Nebraska $164 million, South Dakota $67.5 million, and Wyoming $7.9 million. Since 2004, FCSAmerica has returned over $4.1 billion in cash-back dividends to farmers, ranchers, and agribusinesses in its service area.

  • The 2026 cash-back dividends were issued to eligible customer-owners in the last week of January 2026.
  • FCSAmerica has offered a patronage program and shared its success in the form of cash-back dividends since 2004.

The players

Farm Credit Services of America (FCSAmerica)

A financial cooperative serving farmers and ranchers in Iowa, Nebraska, South Dakota, and Wyoming, providing agricultural financing and other financial services.

Mark Jensen

The president and CEO of FCSAmerica, who emphasizes the cooperative's commitment to supporting the agricultural industry and returning value to its customer-owners.

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What they’re saying

“FCSAmerica remains committed to supporting the producers who drive our industry. In times of uncertainty, these dividends help ease financial pressures and reinforce our partnership. We're proud to be a cooperative that stands with agriculture in every season.”

— Mark Jensen, President and CEO, FCSAmerica (americanagnetwork.com)

“At FCSAmerica, cash-back dividends represent more than numbers on a balance sheet, they reflect our deep commitment to the farm and ranch families who feed and fuel the communities we serve. Every dollar returned is a reminder of our shared success.”

— Mark Jensen, President and CEO, FCSAmerica (americanagnetwork.com)

What’s next

FCSAmerica's Board of Directors has approved an additional cash-back dividend to be paid from the cooperative's 2026 net earnings, the amount of which will be determined in December.

The takeaway

As a customer-owned cooperative, FCSAmerica's commitment to returning value to its members through annual cash-back dividends sets it apart from traditional financial institutions and demonstrates its deep ties to the agricultural community it serves.