PERRY, Iowa – Farmers and ranchers in Iowa will receive more than $143.9 million in cash-back dividends from Farm Credit Services of America, the cooperative announced Tuesday, Feb. 3.
This marks the 22nd consecutive year FCSAmerica has returned a share of its net earnings to customer-owners through its program. Eligible customer-owners received the payments the last week of January.
“The 2025 cash-back dividends underscore our dedication to sustain a patronage program that customers can count on,” Dana Morgan, FCSAmerica board chairperson and an Iowa producer, said in a news release. “Cash-back dividends differentiate us as an agricultural lender and demonstrate the value we offer to the farmers and ranchers we serve.”
The 2026 cash-back dividend is equal to 100 basis points. That’s a 1% return of a customer’s 2025 eligible average daily loan balance with FCSAmerica. County-level payout data is available on the 2026 Iowa Cash-Back Dividends Distribution Map.
The FCSAmerica Board of Directors also approved a cash-back dividend. It is to be paid from the cooperative’s 2026 net earnings. That amount will be determined in December.
FCSAmerican launched the patronage program in 2004. It has returned more than $1.62 billion to farmers, ranchers and agribusinesses in Iowa.
“As a cooperative, FCSAmerica is built to serve its customers through every season,” Mr. Morgan said. “Cash-back 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.”
FCSAmerica territory includes Iowa, Nebraska, South Dakota and Wyoming. Distribution information for that area is available on the cooperative’s website.
