ROCKY MOUNT, Va. — Customers of Select Sire Power Inc. received checks totaling $1,745,314, a 13.2 percent patronage dividend for business done in 2008.
Checks ranging from $20 to $20,000+ were mailed to customers in the Select Sire Power sales area that extends from Maine to Florida.
Select Sire Power, Inc. has a history of paying significant dividends and revolving past equity to its members.
This year, Select Sire Power returned a full 70 percent of patronage from 2008 in cash.
The 70 percent cash dividend works out to an additional 9.3 percent cash savings on semen purchased in 2008, essentially giving each Select Sire Power member-owner a free month of breeding during the year.
No better time
Combine the patronage with Select Sires recent decision to lower list prices, incorporate additional specials, and continue growth of the Select Reproductive Solutions consultant program and there has never been a better time for farmers to reap benefits of business with the genetics and reproduction cooperative.
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