Meadowland Farmers Co-op announcing profit sharing
The first week of February, Meadowland Farmers Co-op allocated over $2.2 million of profits back to their members for Fiscal 2019. Of the $2.2 million over $784 thousand is being paid in cash with the rest allocated in equity ownership of Meadowland Farmers Coop.
Meadowland revolves allocated equity the following ways: to estates within 30 days of Board Approval. They also revolve equity on a 20-year revolvement, which this year they will revolve local equity earned through 2000, and they revolve all earned local equity as of Dec. 31 the year a patron reaches age 72 the following March.
The middle of February, Meadowland Farmers Coop will be sending checks totaling $358,545 for those members who have reached age 72.
Around the first of March Meadowland Farmers Coop will send checks totaling $723,100 for the revolvement of 2000 local equity (20-year revolvement).
Also, in March Meadowland Farmers Coop will be making the last distribution of Redwood Falls equity, that was part of the merger agreement, with those checks totaling $238,000. Meadowland Farmers Coop will be sending over $2.2 Million Dollars Cash to their Member/Owners for their sharing of current and past profits.