November 22, 2017

ABOUT

Our History

In 1996 two local cooperatives, Goodhue Elevator and Farmers Elevator Company of Lake City, consolidated to form Ag Partners Coop. The addition of Farm Country Coop in 2013 expanded the customer base and territory to what it is today. Ag Partners is a member-owned cooperative that serves producers, communities, homeowners and businesses across Southeast Minnesota and Western Wisconsin.


A Unique Organization

In 2005 Ag Partners converted from an equity company to a stock company.  That sets us apart from other cooperatives. Members of Ag Partners have exchanged their equities for Class A Preferred Stock, which offers:

  • Liquidity: Stock may be bought or sold at the shareholder’s discretion.
  • A Return on Investment: Shareholders receive dividends established annually by the company’s board of directors.
  • Cash Up Front: The conversion of equity to preferred stock has allowed Ag Partners to continue paying a high percentage of its declared patronage in cash at the end of each year.

Customers continue to earn equities as they transact business annually with Ag Partners. These equities have been paid in cash within four years in recent history.


Our Partnerships

In recent years Ag Partners has aggressively sought strategic partnerships to assist us in providing services to our producers.

Our five LLC partnerships include: