AgStar earns $107 million
AgStar Financial Services, a value-added financial services company owned by its client-stockholders, reported year-end after-tax earnings of $107 million. This resulted in $55.3 million in allocated patronage for 2012.
Since the program's 1989 inception, AgStar has allocated more than $392 million in patronage dividends to qualified stockholders. In 2012, AgStar was able to retire and return to its stockholders the remaining patronage allocations for 2002 and 2003 totaling over $40 million, the company said.