ICF Distributes Our First Co-op Member Patronage Rebate for 2022

In October, the Intervale Community Farm Cooperative distributed our first ever patronage rebate for the year 2022.

When consumer cooperatives such as Intervale Community Farm earn a profit, many co-ops return a proportional share of those profits to their co-op member owners as a patronage rebate.

A patronage rebate is a reminder that Intervale Community Farm is a different kind of business, owned and governed by our 300+/- co-op member-owners, for your mutual benefit, as it is defined by the Intervale Community Farm Cooperative Board of Directors.

The July 2023 flooding presented ICF with one of the largest financial challenges in recent history, making it odd to return money right now, with many of you donating generously toward flood recovery.  That said, the $3000 distributed is a modest sum, and the milestone of Intervale Community Farm Cooperative’s profitable 2022 and first ever patronage rebate is worth celebrating. We’ve had questions, but please know that community donations were not used to fund these rebates, which stem from a profitable calendar year 2022. We’d also like to thank the ICF co-op members who elected to donate their patronage rebates back to ICF.

You too can become a member-owner of the Intervale Community Farm Cooperative, or email Andy Jones or Kathie Sullivan with questions or for more information.