Superior Ag Pays $2.5 Million Back to Members in Patronage & Equity
Jan 08, 2025
For Immediate Release
HUNTINGBURG, Ind. (January 8, 2025) – Indiana-based agricultural cooperative, Superior Ag recently approved the payout of $2.5 million back to its member-owners in the form of cash patronage and equity. Each year, Superior Ag members benefit from the company’s success by sharing in the earnings based on the amount of business they do with the cooperative. Superior Ag is proud to denote that 97% of profits derived from local earnings are being returned directly to members.
Of the total refunds going out, $1.3 million will be in cash payments and the remaining $870,000 in equity credits as a 60-40 cash-to-equity split. In addition, Superior Ag also redeemed prior equity up to and including 2015 consisting of $783,000. Notably, the Superior Ag Board of Directors approved lowering the age-based member equity payout down to the age of 75 from 80, resulting in an additional $382,000 in equity redemption.
“Superior Ag is a member-owned cooperative controlled by the same local farmers who use our products and services each day,” said Richard Lloyd, President and CEO at Superior Ag. “We are proud that our members share in the cooperative’s success. In the coming months, we will allocate over $2.1 million to Superior Ag member-owners from 2024 earnings. Your cooperative is financially strong and committed to reinvesting to best service customers now and into the future.”
Since 2007, Superior Ag has returned to their members over $33.7 million in cash patronage and over $19.2 million in equity redemptions, for a total of over $53.2 million. Guided by their farmer-led board of directors, Superior Ag continues to serve as a stable and highly dependable source of farm supplies and grain marketing for its members and customers across the region. They remain well-positioned to continue meeting the needs of their customers, thanks to a sound business model, a supportive and well-aligned board, exceptionally strong customer relationships, and a workforce of engaged, knowledgeable and highly talented associates.
Currently, Superior Ag has over 2,700 members throughout southwestern Indiana, northern and central Kentucky and the bordering regions of Illinois. Any person (individual, corporation, partnership, joint venture, estate, trust or any other entity) who is engaged in the production of agricultural products and who desires to obtain the benefits of Superior Ag may apply to become a member of the cooperative. To learn more about becoming a member of Superior Ag, visit SuperiorAg.com.
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About Superior Ag
Superior Ag is a farmer-owned cooperative that provides a full range of agronomy, grain, livestock nutrition, and energy support to farmers in southwestern Indiana, northern and central Kentucky, and the bordering regions of Illinois. With 13 agronomy locations, 6 grain elevators, a state-of-the-art feed mill and feed store, and 2 retail fuel stations, Superior Ag is committed to providing superior value to member-customers through consistent delivery of high-quality products, innovation and service. Superior Ag also has an ownership stake with SynEnergy, providing liquid power fuels and propane that is 100 percent American-refined through CountryMark-branded fuels. More information can be found at www.SuperiorAg.com. Follow Superior Ag on Facebook, Twitter, Instagram, LinkedIn and YouTube.
MEDIA CONTACT
Chelsea O’Brien
Marketing Communications Manager
cobrien@superiorag.com
812.683.2809x1113
HUNTINGBURG, Ind. (January 8, 2025) – Indiana-based agricultural cooperative, Superior Ag recently approved the payout of $2.5 million back to its member-owners in the form of cash patronage and equity. Each year, Superior Ag members benefit from the company’s success by sharing in the earnings based on the amount of business they do with the cooperative. Superior Ag is proud to denote that 97% of profits derived from local earnings are being returned directly to members.
Of the total refunds going out, $1.3 million will be in cash payments and the remaining $870,000 in equity credits as a 60-40 cash-to-equity split. In addition, Superior Ag also redeemed prior equity up to and including 2015 consisting of $783,000. Notably, the Superior Ag Board of Directors approved lowering the age-based member equity payout down to the age of 75 from 80, resulting in an additional $382,000 in equity redemption.
“Superior Ag is a member-owned cooperative controlled by the same local farmers who use our products and services each day,” said Richard Lloyd, President and CEO at Superior Ag. “We are proud that our members share in the cooperative’s success. In the coming months, we will allocate over $2.1 million to Superior Ag member-owners from 2024 earnings. Your cooperative is financially strong and committed to reinvesting to best service customers now and into the future.”
Since 2007, Superior Ag has returned to their members over $33.7 million in cash patronage and over $19.2 million in equity redemptions, for a total of over $53.2 million. Guided by their farmer-led board of directors, Superior Ag continues to serve as a stable and highly dependable source of farm supplies and grain marketing for its members and customers across the region. They remain well-positioned to continue meeting the needs of their customers, thanks to a sound business model, a supportive and well-aligned board, exceptionally strong customer relationships, and a workforce of engaged, knowledgeable and highly talented associates.
Currently, Superior Ag has over 2,700 members throughout southwestern Indiana, northern and central Kentucky and the bordering regions of Illinois. Any person (individual, corporation, partnership, joint venture, estate, trust or any other entity) who is engaged in the production of agricultural products and who desires to obtain the benefits of Superior Ag may apply to become a member of the cooperative. To learn more about becoming a member of Superior Ag, visit SuperiorAg.com.
###
About Superior Ag
Superior Ag is a farmer-owned cooperative that provides a full range of agronomy, grain, livestock nutrition, and energy support to farmers in southwestern Indiana, northern and central Kentucky, and the bordering regions of Illinois. With 13 agronomy locations, 6 grain elevators, a state-of-the-art feed mill and feed store, and 2 retail fuel stations, Superior Ag is committed to providing superior value to member-customers through consistent delivery of high-quality products, innovation and service. Superior Ag also has an ownership stake with SynEnergy, providing liquid power fuels and propane that is 100 percent American-refined through CountryMark-branded fuels. More information can be found at www.SuperiorAg.com. Follow Superior Ag on Facebook, Twitter, Instagram, LinkedIn and YouTube.
MEDIA CONTACT
Chelsea O’Brien
Marketing Communications Manager
cobrien@superiorag.com
812.683.2809x1113