Central Valley Ag Returns Profits to its Members

Central Valley Ag (CVA) Cooperative continues to exemplify the cooperative spirit by giving back to its member-owners. Recently, the CVA Board of Directors approved a total payout of $20.8 million in patronage refunds for Fiscal Year 2024, demonstrating the cooperative's dedication to its members' success and the strength of its business model. 

Of the approved amount, 60% ($12.4 million) will be distributed in cash, while the remaining $8.4 million will be allocated as non-qualified deferred patronage. This structure allows member-owners to pay taxes only on the cash portion received now, deferring taxes on the non-qualified equity until it is redeemed in future years. 

"We could do not provide this payout to our patrons without the incredible support of our member-owners and the outstanding efforts of our employees," said Carl Dickinson, President and CEO of CVA. "I am incredibly proud of CVA's performance over the past year. This success reflects the loyalty of our members and their commitment to the cooperative model. We are excited to share these achievements with those who make it possible." 

Patronage refunds are calculated based on member volume during CVA's fiscal year, which ran from September 1, 2023 to August 31, 2024. Refund checks were mailed to member-owners on November 26, 2024. 

"The cooperative model has never been more relevant," said Dickinson. "We will continue working to ensure long-term sustainability and success for our member-owners while delivering on the CVA promise."