Agfinity pays $1.1M in equity to member owners

EATON — Agfinity Inc., an Eaton-based agricultural cooperative, has paid $1.1 million in cash equity retirement to its member owners, which adds on to the cash patronage refund of $370,000 that was paid out earlier this year. Checks will be mailed out in June, the company said.

“Agfinity is very strong financially, and we are in a fantastic position for the future because of our member owners who support the cooperative each day,” Keith Amen, chairman of Agfinity’s board of directors, said in a prepared statement.

Jason Brancel, Agfinity president and CEO, said, “Patronage has built Agfinity into what it is today, and we thank our member owners for continuing to invest in its future, which then in turn, makes a positive economic impact on the communities we serve.”

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Agfinity is a locally owned and operated cooperative that was founded in 1905. It operates locations in Eaton, Greeley, Brighton, Henderson, Gilcrest and Mead, with products and services in agronomy, feed, grain (Colorado commodities), energy and retail, including Cenex convenience stores, a tire and car care center and an Ace Hardware store.