"Where Fillmore County News Comes First"
Saturday, August 23rd, 2014
Volume ∞ Issue ∞
- 10:32:36, Aug 22nd 2014 - Mad Mike - Doc, how do you get any truth or facts with the current set up that this ... [Read More]
- 9:31:25, Aug 22nd 2014 - KingslandGrad95 - doc, You mentioned that "Republicans want the truth, they just ... [Read More]
- 8:00:02, Aug 19th 2014 - doc - Republicans want the truth, they just don't like facts. ... [Read More]
- 7:58:04, Aug 19th 2014 - doc - Gas prices were $4.25 the last summer that GWB was in office. ... [Read More]
- 4:40:55, Aug 19th 2014 - dave - Gas prices were $1.79 a gallon when GWB left office ... [Read More]
- 9:08:48, Aug 19th 2014 - doc - What was the MN unemployment rate when GWB was in office? ... [Read More]
- 10:48:03, Aug 15th 2014 - Retired - A quick google search offers numerous ideas for community education. Knitt ... [Read More]
- 10:44:01, Aug 15th 2014 - tom - I believe that part of what made this country great was the ability to work to ... [Read More]
- 12:31:16, Aug 14th 2014 - Mad Mike - All you liberal's think a like. You read what you want to read and liste ... [Read More]
- 10:28:11, Aug 13th 2014 - Dale Eppen - Herb, I am so happy you like Obama Care. I also assume you like half a ... [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.