River Valley Cooperative announced today that its board of directors authorized a payout of approximately $1.9 million of qualified preferred stock at their January 2018 board meeting. This is in addition to the $1.5 million already paid out earlier this fiscal year.
About 10% of outstanding qualified preferred stock held will be returned to area farmers who are stakeholders of the cooperative this month. With this payout, over $17.2 million in cash has been paid back to our members over the past five years to reinvest in their local communities.
River Valley Cooperative is dedicated to delivering personalized services and expert solutions that enhance and ensure the long-term viability of our customer-owners, employees and communities.