"Where Fillmore County News Comes First"
Sunday, May 24th, 2015
Volume ∞ Issue ∞
- 8:53:13, May 24th 2015 - Greg Rendahl - Jason, while you certainly make some good points in your opinion piece ... [Read More]
- 4:56:30, May 22nd 2015 - Shame on you - "A gun is an instrument of death. It is designed for one purpose, to k ... [Read More]
- 1:35:20, May 22nd 2015 - Michael - As a Navy veteran I salute Ron Scheevel for his service and sacrifice in Vi ... [Read More]
- 12:48:16, May 22nd 2015 - Kim Wentworth - a couple of points in response. the NRA has had a long history in gu ... [Read More]
- 11:57:35, May 22nd 2015 - RogerClegg - Re felon voting: Glad this bill failed. If you aren’t willing to fo ... [Read More]
- 12:15:00, May 20th 2015 - Shorty - Makes me feel pretty old when I read about people I knew. I would like to ... [Read More]
- 11:34:36, May 20th 2015 - SV80 - To Future: I can empathize with your regarding Hawkeye63. He exhibits all t ... [Read More]
- 12:49:06, May 19th 2015 - future - @Hawkeye63 My entire argument has been based on legal civil rights argument ... [Read More]
- 7:22:50, May 19th 2015 - hawkeye63 - There you have it fellow citizens, I sure hope America is paying attentio ... [Read More]
- 6:06:44, May 18th 2015 - Redhorse51 - Thank you for a great read. Like an addicting mini-series, I could not ... [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.