When you become a Patron of Farmers Co-op Oil Company, you are also an owner of our company. Our Patrons receive a dividend check each year that is a percent of our annual profits. Patrons who have an account setup and spend $500 or more annually will receive a dividend check at the Annual Meeting in the spring or via mail.
Patrons’ Dividend Earnings
Unlike competitive for-profit gas stations, Cenex Farmers Co-op Oil Company pays Patrons a percentage of the profits. As an example, in 2015, for every dollar spent, our Patrons earned:
- .05 cents a gallon on gas purchased on account or with cash
- .06 cents a gallon on diesel fuel purchased on account or with cash
When you do business with Farmers Co-op Oil Company, you not only earn dividends for yourself but help put more money back into our local communities. We are grateful for our Patrons across Renville County, Redwood County, and throughout Minnesota!
We welcome anyone who wants to be a Patron of Farmers Co-op Oil Company to apply to open an account – you do not need to be a farmer to be a Patron with us. To become a Patron of Farmers Co-op Oil Company, simply Apply.