Frontier Farm Credit to Distribute $11.5 Million Cash-Back Dividend for 2017
Cooperative has returned $80.7 million to farmers, ranchers since 2004
OMAHA, NEBRASKA - Frontier Farm Credit, a financial cooperative owned by farmers and ranchers, approved a 2017 cash-back dividend of $11.5 million for its eligible customer-owners.
Frontier Farm Credit has returned more than $80.7 million to producers in eastern Kansas since 2004.
"Cash-back dividends demonstrate the value of our unique cooperative business model," said Mark Jensen, president and CEO of Frontier Farm Credit. "As agriculture works through a tough economic cycle, our customer-owners are sharing in the cooperative's success, and can invest the dividends in their operations and local communities."
The Board of Directors considers a number of business and economic factors in determining the amount of each year's cash-back dividends, including the cooperative's financial strength. The earnings retained by Frontier Farm Credit are used to build the cooperative's financial capacity to continue serving agriculture.
The 2017 dividend checks will be mailed to eligible customer-owners in March 2018. The Board of Directors has approved a cash-back dividend for 2018, with the amount of the distribution to be decided in December 2018.
About Frontier Farm Credit
Frontier Farm Credit is a customer-owned financial cooperative proud to finance the growth of rural America, including the special needs of young and beginning producers. With nearly $2 billion in assets and $405.1 million in members' equity, Frontier Farm Credit is one of the region's leading providers of credit and insurance services to farmers, ranchers, agribusiness and rural residents in eastern Kansas. For more information, visit frontierfarmcredit.com.