Based on our profitable 2017 operations, AgTexas announces a $15.6 million patronage distribution.
Our member-owners received their portion, according to their business with the association, of the $12.8 million cash portion in February. The remainder will be held as a non-qualified allocation* and paid to stockholders in the future.
Contact us today to find out how YOU can become a member of AgTexas – where Your SUCCESS is our PURPOSE. 1-844-MYAGTEX.
*This year’s non-qualified allocation is not taxable to the recipient until it is revolved in cash in the future.
Each member's patronage refund is based on the proportion of interest earned on their loan to the total interest earned by the association. A patronage refund may be paid in cash, allocated surplus, stock or any combination of these items. The distribution of profits to our members effectively reduces the cost of borrowing money.