Central Valley Ag approves $3 million in age-based equity redemptions
Apr 09, 2025
Central Valley Ag (CVA) cooperative is proud to announce the approval of $3 million in Age-Based Equity redemptions for eligible member-owners who have reached at least 65 years of age as of December 31, 2024. The CVA Board of Directors authorized the redemptions, reinforcing the cooperative's commitment to returning value to its members.
"As we celebrate 2025: The Year of the Cooperative, we recognize the strength of farmers coming together for the betterment of all," said Carl Dickinson, CVA President and CEO. "This redemption reflects the cooperative spirit, ensuring the rewards of our shared success return to the members who helped build it."
The approved redemptions include both Qualified and Non-Qualified Based Equity. Qualified Age-Based Equity redemptions are non-taxable and Non-Qualified Age-Based Equity redemptions are taxable.
"Our member-owners are at the heart of everything we do," said Luke Carlson, CVA Board Chairman. "By maintaining a strong financial foundation, we can continue to honor our commitments and provide long-term value to our cooperative family."
CVA remains dedicated to building a cooperative system that benefits members today and for generations to come.
Meet Your Board
The Central Valley Ag Board of Directors is made up of local, agricultural leaders, who are recognized for their industry expertise, as well as economic and community development skills. The Board of Directors' mission is to provide leadership of Central Valley Ag's current direction and initiatives, in addition to positioning the organization for future success and profitability for members.