"Where Fillmore County News Comes First"
Monday, March 30th, 2015
Volume ∞ Issue ∞
- 6:05:13, Mar 28th 2015 - Fillmore mom - I really enjoyed this article, too bad others used it as their persona ... [Read More]
- 12:29:12, Mar 28th 2015 - vikefan 1 - To Thanks! About blindly following Obama and his governing policies, yo ... [Read More]
- 5:23:52, Mar 27th 2015 - Jimbo79 - Sure, small towns have overlapping news. It seems odd that one should foll ... [Read More]
- 5:18:28, Mar 27th 2015 - FountainFarmer - johnqpublic, To expand on my previous post:,Let me ask you a que ... [Read More]
- 4:44:20, Mar 27th 2015 - Thanks! - I have read your articles for quite awhile now, always amazed that you seem ... [Read More]
- 4:26:44, Mar 27th 2015 - FountainFarmer - johnqpublic, So what if the Bluff Valley Reader had an article ... [Read More]
- 3:09:10, Mar 27th 2015 - johnqpublic - This looks familiar...where else have I read this? Just looks so famil ... [Read More]
- 10:51:48, Mar 27th 2015 - Vikefan 1 - Thanks, Mr. Van Gorp, for speaking out. I'm 100% with you. ... [Read More]
- 10:08:12, Mar 26th 2015 - saverton - Love your story Jim. . . . Good Job! ... [Read More]
- 12:35:40, Mar 26th 2015 - luver of all things left - Sorry pal, I'm kind of new to this. I'll use spellcheck f ... [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.