Country Partners Makes Large Equity Redemption to Membership
Jul 26, 2020
Country Partners Cooperative is pleased to announce a special equity redemption of $4.1 million in total of member equities. “Our strong balance sheet allows us to make this payment,” 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, “At this time, more than ever, the 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. We are proud to serve so many producers across central Nebraska and thank them for their continued business.”
The Country Partners Board of Directors has established a goal to have a robust equity redemption plan. 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).