Checks mail to farmers and ranchers in eastern Kansas the last week in January
OMAHA, NEBRASKA – January 26, 2023 – Frontier Farm Credit is returning $22.7 million of its 2022 net income to farmers and ranchers in eastern Kansas. Cash-back dividend checks were mailed January 26, 2023, and will be in the hands of the customer-owners shortly.
Frontier Farm Credit is a financial cooperative that, for the past 19 years, has shared its success through its cash-back dividend program. Frontier Farm Credit has returned a total of $180 million to eligible customer-owners since 2004.
This is money that has gone into the pockets of local farmers and ranchers to invest in their operations and families and to spend in their communities.
“The benefit of our cash-back dividends grows exponentially with every investment our customer-owners make in their businesses and community,” said Mark Jensen, CEO and president of Frontier Farm Credit. “Cash-back dividends are an important part of sharing our success with our customer-owners and supporting rural communities.”
This year’s cash-back dividend is equal to 100 basis points – or a return of 1% of a customer’s eligible daily 2022 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 2023 net earnings, the amount of which will be determined in December.
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. The Association has nearly $2.6 billion in assets and $547 million in members’ equity. Learn more at FrontierFarmCredit.com.