"Where Fillmore County News Comes First"
Friday, May 29th, 2015
Volume ∞ Issue ∞
- 9:41:24, May 29th 2015 - SV80 - Mr. Wentworth: You said, "the global warming wackos are jumping off the bandw ... [Read More]
- 7:18:59, May 29th 2015 - - June 1st 2015 hasn't happened yet. ... [Read More]
- 10:19:36, May 29th 2015 - Kim Wentworth - @sv80 and doc- I stand by what I posted earlier and reasons I gave. ... [Read More]
- 7:01:26, May 29th 2015 - doc - SV80, very good analogy comparing the cancer diagnosis to global warming. I th ... [Read More]
- 6:51:24, May 29th 2015 - Livin' the dream - Redhorsie51....you must be another one that paid no attention whil ... [Read More]
- 6:09:48, May 29th 2015 - hum - Kingslandgrad, and livinthedream always have stupid posts. Kingslandgrad doesn' ... [Read More]
- 10:10:17, May 28th 2015 - REDHORSE51 - EXCUSE ME............... BUSH IS AT FAULT? AND WHERE DO YOU LIVE THAT ... [Read More]
- 9:06:07, May 28th 2015 - Livin' the dream - Funny how people that actually left Harmony still expect everythin ... [Read More]
- 7:57:41, May 28th 2015 - KingslandGrad95 - expat, The housing incentives that Harmony offers is nothing ne ... [Read More]
- 7:48:14, May 28th 2015 - KingslandGrad95 - Play Nice, just ignore Col. Gudmundson. He has an opinion about ... [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.