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Farm Credit Services of America returns $4.941 million to area farmers PDF Print E-mail

Farm Credit Services of America (FCSAmerica) announced that eligible customer-owners in 17 counties in central Nebraska will receive checks this month totaling $4,941,000—their share of the financial cooperative’s record $160 million cash-back dividend for 2014.
Chase County is included in those 17 counties and farm operations received $245,000 in dividends.
Perkins County farmers and ranchers received $342,000.
FCSAmerica has distributed a portion of its net earnings to eligible customer-owners for each of the past 11 years, returning a total of nearly $1 billion in cash-back dividends to farmers, ranchers and their local communities.
The share returned to Nebraska customer-owners since 2004 amounts to more than $281.6 million.
“Cash-back dividends represent a very tangible example of the power of ownership” said Mitchell Korf vice president of FCSAmerica’s North Platte office.
“Our customer-owners not only receive cash-back dividends but also elect the board of directors, which focuses on maintaining the financial strength of the cooperative. This cash provides customers with a source of funds to invest in their businesses, communities or families,” he said.
Each eligible customer’s cash-back dividend is based on the average loan volume during the calendar year. The more eligible loan business a customer has with the cooperative, the more they benefit financially through cash-back dividends.
The FCSAmerica board of directors approves each year’s cash-back distribution in December based on a number of factors, including the cooperative’s financial performance. During the 11 years that FCSAmerica has distributed cash-back dividends, net income has grown to $536.5 million from $294 million and members’ equity has increased to $4 billion from $1.5 billion.
For more information on the 2014 cash-back dividend, including county-by-county distributions, visit powerofownership.com.

 
MPCC recognized as Career Preparedness Award recipient PDF Print E-mail

Mid-Plains Community College (MPCC) has been named a Career Preparedness Award recipient by the Nebraska ACT State Organization.
The honor makes MPCC Nebraska’s community college representative in the national ACT College and Career Readiness Campaign.
Started in 2013, the campaign celebrates exemplary employers, community colleges, high schools and high school seniors across the U.S. who promote or exemplify readiness for college and careers.
MPCC has an outreach campus in Imperial.
“I think the state award really recognizes the amount of career preparation we constantly work toward at MPCC,” said Bill Eakins, area dean of Career Services.
“We do everything we can for our 18-county service area. We use the most up-to-date career information systems, bring in business leaders to speak to our students and provide a variety of classroom-specific skills assessments,” he said.
To be considered for the award, MPCC had to outline the career readiness assessments and career preparation programs it has in place.
The college also had to demonstrate strong relationships with local employers, a commitment by administrators and faculty to provide a support structure for students and the presence of student leadership opportunities outside the classroom.
The college will be recognized during a luncheon in Lincoln on April 9. Approximately 150 education and workforce leaders are expected to attend the event.
MPCC will also be considered for recognition at the National Gala for College and Career Readiness in Washington, D.C. in June.

 


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