"Where Fillmore County News Comes First"
Thursday, April 17th, 2014
Volume ∞ Issue ∞
- 10:55:36, Apr 3rd 2014 - Attendee - I do think the meeting went well in terms of sharing information. But also ... [Read More]
- 11:56:59, Apr 2nd 2014 - svtaxpayer - Start the meeting with the same old rehash about how great college class ... [Read More]
- 11:30:55, Mar 28th 2014 - RoryKramer - I couldn't have said it any better. My family has shopped at Willie's f ... [Read More]
- 8:44:51, Mar 26th 2014 - Gunnar Berg - Would that be Henrik's lessor known younger brother "Al"? ... [Read More]
- 1:21:46, Mar 23rd 2014 - REDHORSE51 - EXCELLENT COMMENTARY ON BULLYING, HOWEVER THE AUTHOR STILL SUPPORTS THE ... [Read More]
- 6:23:24, Mar 17th 2014 - about time - About time they start giving tickets to people who park where it days no ... [Read More]
- 5:51:04, Mar 17th 2014 - what? - I guess it depends who you are in this town. I called and talked to the city ... [Read More]
- 4:03:17, Mar 14th 2014 - - Looking for his mom and found this. Randy you will be greatly missed. I loved all ... [Read More]
- 10:21:04, Mar 14th 2014 - Doc - So many winners. ... [Read More]
- 8:58:49, Mar 10th 2014 - dan - Great letter Steve! That is attitude we should be taking, alternatives will be ... [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.