Southern States Cooperative Patronage
Thank you for your interest in Southern States stock and membership. Southern States Cooperative and its affiliated local Managed Cooperatives are agricultural cooperatives. Southern States has almost 200,000 members and its Managed Cooperatives have over 160,000 members in aggregate.
Who can own Southern States common stock?
In order to be eligible to purchase Southern States membership stock, you must be a producer of agricultural products for market. This cooperative has been organized under a "one-member", "one vote" structure. Members own at least one share of common stock. Once a member of Southern States you are entitled to several benefits. Members are entitled to one vote in the Cooperative and are eligible to hold a seat on the Board of Directors. Financial benefits include receiving dividends on the stock and a refund of the cooperative's earnings if its financial condition permits distribution of such earnings and the Board of Directors declares them to be paid. Your patronage refund is based upon your volume of purchases from the cooperative during the year.
What is the difference between Southern States common stock and a Managed Cooperative common stock?
Managed Cooperatives are stores that are affiliated with Southern States but owned locally by their respective stockholders and have an independent Board of Directors. Individual Managed Cooperatives offer several different types of stock and it is necessary to contact your local cooperative for further details. You may be a stockholder in both Southern States and a Managed Cooperative.
How do I become a member?
Contact your local Southern States location to complete a membership application.
Southern States Cooperative and its affiliated Managed Cooperatives are cooperatives. Therefore, the common stock is not publicly traded on the open stock markets. (E.g., New York Stock or American Stock Exchange). All common stock has a fixed par value per share (or face value) which does not change. Southern States Cooperative dividend checks are not issued for less than $10.00. Therefore, dividends will accumulate in the patron's account until the $10.00 threshold is met.
Stocks Currently Offered
6% Non-Cumulative Common Capital Stock ($1.00 par value) Membership stock issued by Southern States Cooperative and affiliated Managed Cooperatives. It has a fixed 6% annual dividend paid April 30th for Managed Cooperatives and June 30th for Southern States Cooperative of each year providing the respective Board of Directors elects to do so. This is voting stock and may be held by producers of agricultural products for market only.
6% Cumulative Preferred Capital Stock ($1.00 par value) Membership stock issued by affiliated Managed Cooperatives only. It has a fixed 6% annual dividend paid April 30th of each year providing the individual Cooperative's Board of Directors elects to do so. This is voting stock and may be held by producers of agricultural products for market only. Each member is entitled to only one vote regardless of the number of shares owned.
Historical Outstanding Stocks no longer being issued
6% Cumulative Preferred Capital Stock ($100.00 par value) Investment stock issued by Southern States Cooperative only. It has a fixed 6% annual dividend paid June 30 (3%) and January 1 (3%) of each year provided the Board of Directors elects to do so. This is a non-voting stock and may be held by anyone.
6% Cumulative Preferred Capital Stock ($10.00 par value) Investment stock issued by affiliated Managed Cooperatives only. It has a fixed 6% annual dividend paid April 30th of each year providing the Cooperative's Board of Directors elects to do so. This is a non-voting stock and may be held by anyone.
The information on this web site is not intended to be used, and cannot be used or considered as tax advice, and should not be relied upon for purposes of promoting, marketing or recommending to another party, any financial transaction or tax related matter. Please consult a financial or legal professional for advice or recommendations.