Our History

In 1996 two local cooperatives, Goodhue Elevator and Farmers Elevator Company of Lake City, consolidated to form Ag Partners Coop.  Unification with Farm Country Coop in 2013, Genesis Coop in 2018, and All-American Coop in 2021 expanded the customer base and territory significantly to what it is today.

Ag Partners is a strong member-owned cooperative serving producers, communities, homeowners and businesses across Southern 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. Customers earn equities as they transact business annually with Ag Partners. These equities have been paid in cash within four years in recent history. Members of Ag Partners have also 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.