Area News | Home | Marketplace | Community

Return to Archived Stories


Paynesville Press - August 18, 2004

Co-op holds annual meeting

By Michael Jacobson

Co-op check Paynesville Farmers Union Co-operative announced total cash dividends of $232,800 at its annual meeting in July.

Clem Kalthoff (right) received a retirement equity check from Payneville Farmer Union Co-operative of $50,294 from co-op chairman Robert Hemmesch at the annual meeting in July.

The co-operative paid $157,600 in retired equity to 78 members aged 70 and above, including $50,300 to Clem Kalthoff of Paynesville. The co-operative - which includes an agronomy department, L.P. gas sales, and a convenience store - paid cash dividends of $75,200 to 1,213 members.

The co-operative - which has 18 employees - has total assets of $4.9 million as of March 31, 2004.

It is owned by members, who must be either producers of agricultural products or cooperative associations whose members are agricultural producers.



Contact the author at editor@paynesvillepress.com   •   Return to News Menu

Home | Marketplace | Community