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AgStar earns $107 million

business Red Wing,Minnesota 55066
AgStar earns $107 million
Red Wing Minnesota 2760 North Service Drive / P.O. Box 15 55066

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.