Wisconsin Ag Connection - United Co-op Revolves $7.1 Million in Cash to Members

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United Co-op Revolves $7.1 Million in Cash to Members
Wisconsin Ag Connection - 10/22/2018

The Beaver Dam-based United Cooperative has revolved more than $7.1 million to its members. The funds were a result of profits released during the 2017 fiscal year.

Company officials also announced that the co-op paid $1.1 million in member requests for those older than 77 and estate settlements. All totaled, United Cooperative has paid its members $8.2 million in stock revolvement in 2018.

"It's the foresight of the board of directors, the management and employees of the cooperative to recognize and plan for member-owners' changing needs and industry trends," said UC CEO David Cramer. "United Cooperative responds to changes at the farm gate by investing in strategically positioned assets that support agricultural producers, while at the same time, knowing that each of these investments will provide a financial return to the cooperative and its farmer members."

Cramer says one of the values of doing business cooperatively is that members share in the profits of their cooperative.

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