Based on our profitable 2019 operations, AgTexas announces a $18.2 million patronage distribution.
Our member-owners received their portion, according to their business with the association, of the $15 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.
“We love AgTexas for Return & Dividends!”
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.