"Where Fillmore County News Comes First"
Friday, July 1st, 2016
Volume ∞ Issue ∞
- 3:25:31, Jun 29th 2016 - Paul Little - Thanks for the input Derek. I was going to respond and but you said it ... [Read More]
- 12:04:41, Jun 29th 2016 - Derek Stevens - @Redhorse51: Seems to me you are the hypocrite, to berate someone on ... [Read More]
- 2:18:50, Jun 27th 2016 - PLEASE - PLEASE Kingsland district, take a look at what this commentary points and ou ... [Read More]
- 5:54:18, Jun 25th 2016 - Redhorse51 - Yes Ann, we all know that Sharon Roppes was instrumental in the Veteran ... [Read More]
- 10:55:08, Jun 24th 2016 - dianagoguen - Hello, Is there a place to access obituaries from previous years? ... [Read More]
- 3:45:08, Jun 22nd 2016 - SEMN - With all the people that will be flocking to town to have their kids attend sc ... [Read More]
- 3:44:45, Jun 22nd 2016 - Andy O'Connor - Agree to disagree Stan, we'll likely never see eye to eye on this iss ... [Read More]
- 3:23:28, Jun 22nd 2016 - SEMN - #sickofitall...do yourself a favor and get your dictionary out and look up " i ... [Read More]
- 3:15:56, Jun 22nd 2016 - #sickofitall - Palacek easement never was useable. He got to his property, with permi ... [Read More]
- 2:56:30, Jun 22nd 2016 - disgusted - There are a couple of issues here to be addressed The first one is the ... [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.