Source: Associated Milk Producers Inc.
The dairy farmer-owners of Associated Milk Producers Inc. (AMPI) will share $10 million in equity payments this year. The cash will be paid to individuals based on the amount of milk they marketed through AMPI.
In November, $6.5 million of members’ capital retain investment was distributed. This month’s payment of $3.5 million is a result of previously allocated earnings.
The payments to members also included AMPI’s early equity revolvement option. Members who are age 65 and retired from dairying can receive their cooperative equity through an accelerated, five-year distribution.
“Distributing equity reaffirms the cooperative’s focus on its mission of maximizing the return on milk marketed and equity invested for its members,” said AMPI President and CEO Ed Welch.
About AMPI: Associated Milk Producers Inc. (AMPI) is a dairy marketing cooperative with 3,000 member farms, 6 billion pounds of milk and $1.7 billion in annual sales. Members operate dairy farms located throughout the Midwest states of Wisconsin, Minnesota, Iowa, Nebraska, South Dakota and North Dakota. They own 12 manufacturing plants and market a full line of consumer-packaged dairy products, including the Cass-Clay® brand. For more information about AMPI, visit the cooperative’s website at www.ampi.com