AGRIS Co-operative has announced a patronage dividend of $1.5 million to be returned to its farmer-owners and investors.
Total enterprise revenues in 2020 for AGRIS Co-operative were more than $259 million, with $2.4 million added to retained earnings to support its operations. Patronage rebates will be issued as 33 per cent cash and 67 per cent stock.
“Fiscal 2020 will go down in the books as a year unlike any other in the co-op’s 100-year history,” Nooyen, AGRIS Co-operative president. He provided the members with this optimistic report. “Despite the unprecedented challenges, we had a solid performing year. AGRIS owners, customers and staff worked together, with safety protocols in place, to get this positive result. The board has worked extremely hard on the strategic plan.”
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Nooyen of Kent Bridge, Peter Dieleman of Wallacetown, Stan Gillier of Chatham and Allan Parks of Amherstburg were all elected as directors to a three-year term on the board.
Immediately following the annual meeting, the directors met and re-elected Nooyen as board president, Scott McGeachy was re-elected as board vice-president and Patrick Vanheule was re-elected as secretary.
AGRIS Co-operative announced that at the end of its fiscal year, Great Lakes Grain welcomed Embrun Co-operative into the Great Lake group, which will expand Great Lakes Grain’s marketing footprint eastward.
