"Where Fillmore County News Comes First"
Thursday, December 12th, 2013
Volume ∞ Issue ∞
- 5:40:17, Dec 4th 2013 - Kiko - I feel the pain for anybody feeling the effects of this health care law. On th ... [Read More]
- 7:55:33, Dec 3rd 2013 - quail - I visited Austin's Goat Farm about 8 years ago when I was a patient at the nea ... [Read More]
- 3:29:59, Nov 27th 2013 - Eric - Good Website ... [Read More]
- 8:44:28, Nov 19th 2013 - bwenthold - The author's insight reflects her vision of the world. I enjoyed this ar ... [Read More]
- 7:13:48, Nov 19th 2013 - - Colin's custom work is of the highest quality. He continues to produce unique prod ... [Read More]
- 2:53:19, Nov 18th 2013 - mark scheevel - paul, you have said it all! it is truly an event that we as parents w ... [Read More]
- 11:50:51, Nov 12th 2013 - Sharon Rustad - Mr. Kues: Just for the record the invitation to join the Task For ... [Read More]
- 12:04:51, Nov 10th 2013 - email@example.com - In response to Mrs. Neyhuis' response, you put an interesti ... [Read More]
- 8:39:45, Nov 6th 2013 - cbothun1234 - I will miss you forever and always lady! You have made such a positive i ... [Read More]
- 3:57:24, Nov 6th 2013 - MNFarmboy - Mr. Kues, the bill you mentioned about the district receiving $20 million ... [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.