Compeer to Distribute More Patronage Payments
Wisconsin Ag Connection - 02/19/2020
The Sun Prairie-based Compeer Financial will soon be distributing more than $177 million in patronage payments to about 30,200 of its members.
The cooperative--which was formed in 2017 when Badgerland Financial, 1st Farm Credit Services and AgStar Financial Services joined forces--announced that about a third of those funds will be paid out to about 9,100 member-owners in 49 Wisconsin
"As a cooperative, returning a portion of our earnings is an important component of our business model," said Compeer CEO Rod Hebrink. "The Compeer Financial Board of Directors is committed to a strong patronage program that creates value for all
member-owners and honors the objectives of the patronage programs offered by prior organizations."
Last year, the cooperative distributed about $150 million in payments as part of its patronage program.