Country Partners Makes Large Equity Redemption To Membership
Jul 29, 2021
Country Partners Cooperative is pleased to announce a special equity redemption of $5.1 million in total of member equities. This large redemption on top of the last 5 year’s redemption’s brings the total equities redeemed to just under $18.5 million. “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.”, according to the cooperative’s CEO and General Manager E. Tod Clark.
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. We are proud to serve so many producers across central 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.