AREA – Farmers and ranchers in Grundy, Black Hawk, Bremer, and Butler counties will be receiving $6.6 million in cash-back dividends returned by Farm Credit Services of America (FCSAmerica). This marks the 22nd consecutive year FCSAmerica has returned a share of its net earnings to customer-owners, reflecting the cooperative’s financial strength and focus on returning value through its annual patronage program. Eligible customer-owners were issued patronage payments the last week of January.  

“The 2025 cash-back dividends underscore our dedication to sustain a patronage program that customers can count on,” said Dana Morgan, FCSAmerica Board Chairperson and Iowa producer. “Cash-back dividends differentiate us as an agricultural lender and demonstrate the value we offer to the farmers and ranchers we serve.”

2026 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 2025 eligible average daily loan balance with FCSAmerica. The 2026 payout equates to the following county-level distributions:*

-$2.2 million in Black Hawk County.

-$770,000 in Bremer County.

-$2.1 million in Butler County.

-$1.7 million in Grundy County.

*Amounts are rounded.

Payout data for every county in Iowa is available on the 2026 Iowa Cash-Back Dividends Distribution Map: fcsamerica.com/about/cooperative-model/cash-back-dividends/iowa.

The Board of Directors for FCSAmerica has also approved a cash-back dividend to be paid from the cooperative’s 2026 net earnings, the amount of which will be determined in December. Since 2004, FCSAmerica has offered a patronage program and shared its success in the form of cash-back dividends. The cooperative has now returned $1.62 billion to farmers, ranchers and agribusinesses in Iowa.

“As a cooperative, FCSAmerica is built to serve its customers through every season,” said Morgan. “Cash-back dividends are one way we deliver on that promise by sharing our success with the farm and ranch families who feed and fuel our communities.”