BEAVER DAM -- United Cooperative is celebrating National Cooperative Month in October, along with 40,000 other cooperative businesses serving more than 120 million people nationwide.
As United Cooperative celebrates cooperative month, it does so by sharing profits with members.
"It's the foresight of the board of directors, made up of farmer members, the management and employees of the cooperative to recognize and plan for member-owners' changing needs and industry trends," David Cramer, president and CEO said. "United Cooperative responds to changes at the farm gate by investing in strategically positioned assets that support agricultural producers, while at the same time, knowing that each of these investments will provide a financial return to the cooperative and its farmer members.
One way of measuring a cooperative business is by its financial performance. United Cooperative had $647 million in sales in 2017 and returned $30.1 million in total patronage to members. Forty percent of those dollars were distributed in cash in April, while 60 percent were retained in equity credits. In October, the cooperative will revolve over $7.1 million dollars to members, and retire $1.1 million dollars of stock for patrons at age 77 and pay all estates as requested.
"All these dollars circulate into the local economy, and create a better future for United Cooperative members, and the communities where they live," Cramer said. All totaled, United Cooperative will have paid its members over $8.2 in cash for stock revolvement in 2018.
Formed in 1936, United Cooperative is a full-service cooperative offering feed, grain, agronomy, and energy products and services to midwestern farmers and consumers.
United Cooperative has locations in the Dodge and Jefferson county areas including Beaver Dam, Hartford, Horicon, Hustisford, Johnson Creek and Mayville.
For more information, visit www.unitedcooperative.com.