Press Release
“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 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.
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.
No comments:
Post a Comment
The Baldwin City Gazette welcomes your comments, as long as they are on topic and remain respectful to others. Please no anonymous comments. Comments containing advertising will be marked as spam, this includes links.