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In the photo: Jeff Einck, CEO Manager (left) is shown presenting a retirement equity check to Glen Klingenberg and Josh Bonnstetter, Board Chairman, (right) presents a check to Carl Gengler.
The Board of Directors of the Chandler Coop recently voted to retire patron stock in the amount of
$564,501 to our 134 agronomy and energy patrons born in 1955 and 1939.
Chandler Coop’s equity management plan consists of paying various forms of equity throughout the year.
1. September: We pay patrons the current year local savings at our annual meeting. 40% is paid in cash and 60% is retained in the Coop for operating capital, equipment and facility improvements.
2. December: We pay out 100% of our patrons’ equity when they turn 70 and 85, which is what we are doing today.
3. March: We retired the retained equity back to our patrons earned in 2012.
4. Throughout the year: We pay estates of our loyal patrons.
In 2024, patrons earned 4.78% of equity on their business they did with the Cooperative. All together, Chandler Coop’s total cash portion of the 2024 patronage dividend and retired equities cash paid out totaled $2.6 million
