Mountain View Co-op returns $2.3 million to owners

Press release

The board of directors for Mountain View Co-op, Montana’s largest locally owned agricultural cooperative, says 2,400 farmers, ranchers and member owners across north-central Montana will share in an estimated $2.3 million equity redemption this week.

This represents $1.5 million in local equity and $800,000 in regional cooperative equity.

According to Del Styren, MVC board president and Brady farmer, the equity redemption represents a retirement of ownership in MVC earned in past years.

Total cash returned to Mountain View Co-op members for fiscal year 2015 year-to-date totals $6.1 million, which includes cash patronage, estate retirements and the current equity redemption.

“Mountain View Co-op’s commitment is to provide strong cash returns to its owners, while recognizing the capital requirements necessary to pursue strategic growth and build the appropriate infrastructure for the future,” said Art Schmidt, MVC general manager.

Mountain View Co-op, which has roots that trace back almost 100 years ago, was developed around the idea that working together equals results that matter.