"Where Fillmore County News Comes First"
Thursday, May 28th, 2015
Volume ∞ Issue ∞
- 10:11:02, May 27th 2015 - SmartMoney - So, when companies that sell "milk, or a TV, or whatever," also increas ... [Read More]
- 2:38:02, May 27th 2015 - sv80 - Mr. Wentworth: What would happen if I decided to drive a large-tracked caterp ... [Read More]
- 1:51:51, May 27th 2015 - Kim Wentworth - @sv80- didn't I read somewhere that we as a people came to this land ... [Read More]
- 1:43:11, May 27th 2015 - What? - "Stricter gun regulation will not stop crime, but it will reduce it" Ya, t ... [Read More]
- 10:53:16, May 27th 2015 - LOLZ - Well sv80, that's what separates the clock punchers from the people that thin ... [Read More]
- 10:50:46, May 27th 2015 - Livin' the dream - Time for all of the goldbrickers to get back to work. You know wh ... [Read More]
- 8:27:56, May 27th 2015 - sv80 - The US has the highest gun/crime rate of any highly advanced first world count ... [Read More]
- 6:25:36, May 27th 2015 - waytogo - You r so right kim. Guns don't kill people, people kill people. I sat my g ... [Read More]
- 8:54:34, May 26th 2015 - sv80 - To Hawkeye and Wentworth The fact that you resort to sarcasm, ridicule, and ... [Read More]
- 1:50:35, May 26th 2015 - Kim Wentworth - @sv80- my response to the above article pretty much addresses the iss ... [Read More]
Thu, Jan 27th, 2011
Posted in Business Announcements
Posted in Business Announcements
MANKATO, Minn. (January 25, 2011) - AgStar Financial Services' Board of Directors has approved the retirement of the 2001 patronage allocations. With the 2001 retirement, AgStar will have distributed $13.9 million in earnings to nearly 9,000 eligible stockholders.
"We're excited that our financial strength has allowed us to retire the 2001 patronage allocations," stated Lowell Schafer, Chairperson of AgStar's Board of Directors. The program adds value to stockholders who already benefit from AgStar's expertise and competitive financing. "As a financial cooperative, we're pleased to share a portion of profits with the individuals who have helped build our success. This cash patronage retirement is just one of the many ways that ownership pays for AgStar stockholders."
The patronage program was implemented in 1998 and targets a 7-10 year retirement timeframe of non-qualified dividends. Yearly allocations are based on company earnings and the amount of products or services a stockholder purchases from AgStar during the year. AgStar has allocated $259 million in patronage dividends and retired over $40 million to qualified stockholders.
AgStar Financial Services, ACA, headquartered in Mankato, Minn., employs more than 650 full-time team members. The company is part of the national Farm Credit System and has a public mission to serve 69 counties in Minnesota and northwest Wisconsin. AgStar's industry specialization, client segments and market delivery systems result in diversification nationwide. The company has expertise in the corn, soybean, swine, dairy and bio-energy industries. AgStar has developed successful programs in loans, leases, crop insurance, tax services, accounting, consulting and rural home mortgages. As a value-added financial services cooperative, AgStar allocates patronage dividends to its 13,000 stockholders. Visit www.AgStar.com for more information.