Checks mail the last week of January to farmers and ranchers in eastern Kansas
OMAHA, NEBRASKA – January 27, 2022 – Frontier Farm Credit is returning more than $20.5 million of its 2021 net income to farmers and ranchers in eastern Kansas. Cash-back dividend checks were mailed January 27, 2022, and will be in the hands of the customer-owners shortly.
For 18 consecutive years, the financial cooperative has shared its success in the form of cash-back dividends. Since 2004, Frontier Farm Credit has returned more than $158 million to eligible customer-owners.
This year’s cash-back dividend is equal to 100 basis points – or a return of 1% of a customer’s eligible daily 2021 balance with Frontier Farm Credit. The Board of Directors for Frontier Farm Credit also has approved a cash-back dividend to be paid from the cooperative’s 2022 net earnings, the amount of which will be determined in December.
“Frontier Farm Credit strives every day to add value to our customer-owners’ operations through expertise, products and services,” said Mark Jensen, president and CEO of Frontier Farm Credit. “Our patronage program is one more way we add value. We are sharing our success in a way that directly benefits our customer-owners, their operations, families and communities.”
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 more than $2.4 billion in assets and $531 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. Learn more at frontierfarmcredit.com.