WHITE CITY, OR (MPG) - Grange Co-op is proud to announce another successful year, achieving sales of $81.5 million in 2023. The company also earned a margin before income taxes of over $2.7 million, representing 3.42% of sales. This success is a testament to the unwavering support of our valued patrons and the dedication of our team.

Thanks to our cooperative business model and our patrons' continued support, the Grange Co-op Board of Directors has authorized a 3% patronage dividend on qualifying 2023 purchases. Of this dividend, 30% will be paid out in cash to qualifying agricultural members, with the remaining dividend allocated to patrons in equity.  This distribution model ensures that patrons not only receive immediate benefits but also contribute to the long-term sustainability of Grange Co-op.

Grange Co-op's ag member dividend allocation totaled $462,000, with $139,000 distributed in cash and the remaining $323,000 allocated as nonqualified patronage equity. This distribution underscores Grange Co-op’s commitment to its patrons and the agricultural community.

"We are immensely grateful to our patrons for their continued support, which has been instrumental in our success," said Neil Itzen, CEO at Grange Co-op. "Our success in 2023 is a testament to the strength of our cooperative model, the dedication of our employees, and the loyalty of our patrons. We remain committed to growing our business and delivering value to our agricultural members."