Photo from the UFA Facebook page

By Curtis Galbraith

Agribusiness

UFA announces patronage dividend

Mar 17, 2021 | 2:38 PM

UFA says in a news release it is giving a $14.2 million patronage dividend to its members.

The payment is for 2020 purchases of Ag. Gas, Ag. Diesel, canola and corn seed, and some lubricants.

UFA is also reporting $64 million in earnings before interest, taxes, depreciation, and amortization on revenues of $1.2 billion.

“As a member-owned agricultural co-operative, it is our responsibility to support the members who continue to get the job done, even during a pandemic,” says UFA president and CEO Scott Bolton in that same release.

“The business of agriculture cannot stop. Serving our members and customers is the driving force of UFA and paying patronage to those who keep the agriculture industry moving has never been more important.”