"Where Fillmore County News Comes First"
Tuesday, July 26th, 2016
Volume ∞ Issue ∞
- 9:27:19, Jul 26th 2016 - Kim Wentworth - @lolz- you could not show one example of a bigot, racist, or misogyni ... [Read More]
- 5:46:46, Jul 26th 2016 - LOLZ - WOW, the Trump worshipers are out in full force. He is a bully, a fraud, a meg ... [Read More]
- 11:04:13, Jul 25th 2016 - former left winger - @sv85 Are you so angry you can't see straight? Left luv never c ... [Read More]
- 10:43:02, Jul 25th 2016 - left luvr - @sv85 You just don't get it do you. I don't like Hilary because she is i ... [Read More]
- 4:17:49, Jul 25th 2016 - Kim Wentworth - @ sv85- Wassermann gets fired and where dies the little turd, oops I ... [Read More]
- 3:35:40, Jul 25th 2016 - SV85 - I don't know why I waste my time writing posts to right wingers who have only ... [Read More]
- 1:38:43, Jul 25th 2016 - Kim Wentworth - @ vikefan1 and the rest of you libs- this is too funny. if you want h ... [Read More]
- 1:29:16, Jul 25th 2016 - Oh man - @Stan, thanks for your perspective. I think most people are clueless as to h ... [Read More]
- 12:40:21, Jul 25th 2016 - former left winger - And now we find out the DNC did everything in their power to ge ... [Read More]
- 10:55:11, Jul 24th 2016 - oof dah - Here we go again in Peterson, don't they know any better! It looks like s ... [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.