"Where Fillmore County News Comes First"
Tuesday, November 24th, 2015
Volume ∞ Issue ∞
- 9:20:20, Nov 24th 2015 - reader - What an inspiring message! Thank you! ... [Read More]
- 8:07:37, Nov 24th 2015 - Stan Gudmundson - I've never responded to any comments made about anything I've writt ... [Read More]
- 8:02:03, Nov 24th 2015 - Stan Gudmundson - I've never responded to any comments made about anything I've writt ... [Read More]
- 6:09:45, Nov 24th 2015 - JustTheFacts - All of those funds have been triple audited, and by people who have a ... [Read More]
- 3:40:51, Nov 24th 2015 - James1952 - I can't find anywhere that Mr. Gudmundson was guilty of plagiarism. What ... [Read More]
- 12:12:31, Nov 24th 2015 - Repairing Kingsland will take years - The first step is to get rid of useless McDona ... [Read More]
- 11:22:40, Nov 24th 2015 - @Wykoff Stays - Good to hear that your so upbeat about the Wykoff school staying ope ... [Read More]
- 9:40:41, Nov 24th 2015 - JustTheFacts - I don't have blind fatih in Stan, he's been proven wrong too many time ... [Read More]
- 9:14:55, Nov 24th 2015 - James1952 - Just like it did the vote yes group. Stan has laid the facts out there fr ... [Read More]
- 8:07:04, Nov 24th 2015 - JustTheFacts - It was well known FACT going into the 2002 vote. But as we have seen ... [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.