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Co-Alliance pays $45 million in patronage to local farmer-owners
Co-Alliance Cooperative is paying $45 million in patronage to farmer-members who did business with the cooperative in 2022. The amount, 51 percent of the cooperative’s earnings, represents an unprecedented cash return as a member owned business.
The amount of patronage paid back to each member is based on the volume of business they completed with the cooperative in the fiscal year. Farmers can become members of the cooperative by completing a membership application and running an active farm operation.
Co-Alliance is passionate about investing in local communities. In the 2022 fiscal year, Co-Alliance donated more than $500,000 back to local communities through support of agriculture education and leadership, food security, and farm and energy safety training.
President and CEO Kevin Still and Chairman of the Board of Directors Tim Burke talked to Brownfield about the program and importance of giving back and being locally focused.
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Thanks for the leadership you have provided. You have brought many coops to-gather and made a very large coop system. The hog buildings was a lifesaver for many younger people to stay on the farm.
You have done a wonderful job.