AMPI members receiving $11 million in patronage

Rural Cooperatives, Nov-Dec, 2004 by Dan Campbell

Midwest dairy producers who market milk through Associated Milk Producers Inc. AMPI), New Elm, Minn., will share $2.9 million in earnings. Fifty. percent, or $1.45 million, is being paid in cash, while the balance will be allocated to member equity accounts.

AMPI's annual revolvement of capital retains and previously allocated earnings are budgeted for November and December. The total earnings and equity that will be returned to owners this year is expected to be about $11 million.

"AMPI is assuring member-owners a fair return on equity," said AMPI General Manager Mark Forth. "Sharing the profits is one of the benefits cooperative members expect from owning the business," said AMPI President Paul Tuft, a dairy, producer from Rice Lake, Wis.