Co-Alliance Cooperative Returns Record $57 Million to Farmer-Members

By Andi Anderson

Indiana-based Co-Alliance Cooperative, a leading agriculture and energy cooperative, has announced an exceptional patronage return of $57 million to its eligible farmer-members. This remarkable payout, comprising $50 million in cash and $7 million in equity, reflects the cooperative's strong financial performance in 2023.

This significant return underscores Co-Alliance's unwavering commitment to supporting its farmer-owners. By returning a substantial portion of its profits directly to its members, the cooperative empowers farmers to invest in their operations and communities.

The $57 million patronage payment represents 53% of Co-Alliance's 2023 net income, demonstrating the cooperative's dedication to sharing its success with its members. This exceptional return surpasses the previous year's payout of $45 million, further solidifying Co-Alliance's position as an industry leader in patronage returns.

Co-Alliance's success is deeply rooted in its cooperative structure, where farmer-owners have direct ownership and control over the business. This decentralized ownership model aligns the cooperative's interests with those of its members, ensuring that decisions are made to benefit the farmers who make up the cooperative's foundation.

The cooperative's commitment to its members extends beyond financial returns. Co-Alliance actively invests in its facilities and infrastructure to enhance operational efficiency and better serve its membership. In 2023, the cooperative plans to reinvest $80 million in capital improvements, ensuring that Co-Alliance remains a reliable and competitive partner for its farmer-owners.

Co-Alliance's patronage return is not only a financial boon to its members but also a testament to the cooperative's unwavering commitment to local agriculture and the communities it serves. By empowering farmers and strengthening local economies, Co-Alliance is playing a vital role in the sustainability and prosperity of rural America.

Photo Credit: co-alliance-cooperative