Keystone Cooperative Announces $68 Million in Patronage Will Be Paid Back to Farmer-Members
Indiana-based agriculture and energy cooperative Keystone Cooperative, Inc., has announced it will be paying $68 million in patronage to eligible farmer-members who conducted business with the cooperative in 2024.
Keystone members will receive between 80-90 percent of this patronage payment in cash, based on their legacy membership. The remaining percentage will go towards their equity in Keystone.
In addition to the cash patronage payout, Keystone will also be redeeming $3.8 million in equity to its farmer-members. This exceptional cash return of over $60 million underscores the cooperative’s strong financial performance and commitment to delivering value to its members.
Fifty-seven percent of Keystone’s 2024 net income will be distributed as patronage payments to members in January 2025. The remaining profits will be strategically reinvested into the cooperative’s infrastructure, ensuring Keystone is well-positioned to serve today’s members and future generations of farm families. A projected $100 million in capital investments will further enhance the cooperative’s ability to meet the evolving needs of its membership.
The significant cash return to members for 2024 highlights the value of the Ceres Solutions and Co-Alliance merger, completed in March of 2024. This significant patronage distribution would not have been possible without the formation of Keystone Cooperative, and the continuous collaboration of employees and assets working together to serve farmer-members every day.
