Serving O'Brien & Clay Counties

11/16/23: Area Happenings & Accomplishments

AgState financial results up in 2023

AgState's fiscal year ending on Aug. 31, 2023, reflected net earnings up substantially over 2022 year-end results.

Total net income after-tax was $31.3 million in 2023 compared to $21.6 million in 2022. This reflected a 45 percent increase in net income. According to a news release, the AgState board felt it was important to share this success with members for the business they do with AgState.

Total cash paid to members will approach $9 million between the $5 million revolvement paid in September and the cash patronage to be paid in December. Despite the d...