Checks issued to eligible customer-owners the last week of January
ABOVE: 2024 Frontier Farm Credit Cash-Back Distribution Map
MANHATTAN, KAN. (January 30, 2024) – Farmers and ranchers in eastern Kansas will be receiving more than $23 million in cash-back dividends returned by Frontier Farm Credit as part of the financial cooperative’s patronage program. Eligible customer-owners will be issued cash-back dividend checks the last week of January.
“Our ability to consistently pay a cash-back dividend for 20 years and counting is a testament to Frontier Farm Credit’s commitment to the cooperative business model,” says Mark Jensen, the Association’s president and CEO. “The financial strength we have built is for the benefit of customer-owners and agriculture.
“Cash-back dividends are one of the many ways we strive to add value to the lending relationship with Frontier Farm Credit. But there is also an exponential impact to putting money into the pockets of farmers and ranchers to invest in their operations, families and rural communities,” adds Jensen.
2024 Cash-Back Dividends Distribution
This year’s cash-back dividend is equal to 100 basis points — or a return of 1% of a customer’s eligible average daily loan balance with Frontier Farm Credit. County-level payout data is available on the interactive 2024 Cash-Back Dividends Distribution Map.
The Board of Directors for Frontier Farm Credit has also approved a cash-back dividend to be paid from the cooperative’s 2024 net earnings, the amount of which will be determined in December. Since 2004, Frontier Farm Credit has offered a patronage program and shared its success in the form of cash-back dividends. The cooperative has now returned more than
$204 million to farmers, ranchers and agribusinesses.
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About Frontier Farm Credit
Frontier Farm Credit in eastern Kansas 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 more than $2.8 billion in assets and $588 million in members’ equity.
