Country Partners Makes Large Equity Redemption
Aug 01, 2022
Gothenburg, NE (July 21, 2022) – Country Partners Cooperative is pleased to announce a special equity redemption of $5.2 million in total of member equities. “Country Partners Coop’s board of directors has made it a priority to have a robust equity redemption plan. This large redemption on top of the last 6 year’s redemptions brings the total equities redeemed to just under $23 million” according to the cooperative’s CEO and General Manager E. Tod Clark. He also stated, “We owe our success to the loyal patronage of our member owners. Equity management, including equity redemption, is strictly at the Board of Directors’ discretion, and thus, can change depending upon the earnings and financial needs of the company. Anything that we do in terms of equity management takes solid financial earnings.”
Chairman of the Board Tim Rowe says, “Country Partners Board of Directors is proud to announce a large equity redemption, reflecting the Board’s commitment to operate Country Partners in the truest cooperative fashion. This payment represents a milestone in our equity redemption practices. Currently, all equites earned prior to the last 15 years have now been redeemed. This had been a goal that your board of directors is proud to have met. We are also proud to serve so many producers across Nebraska and thank them for their continued business.”
The Country Partners Board of Directors is pleased to take this next step in its equity retirement program. In addition to continually investing in facilities and equipment to meet producers’ needs, the cooperative realizes the importance of an equity redemption plan that brings value to member owners.
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EXCLUSIONS INCLUDE: Greeley (NO beans), Midway (NO beans), Ord (NO beans) and Arnold (NO corn or beans).