Nearly £300,000 has been returned to Mole Valley Farmers shareholders through a loyalty bonus payment for the financial year October 1, 2022 – September 30, 2023.
The bonus was earned through the accrual of points on the purchase of key agricultural inputs and was paid out in the form of Mole Valley Farmers gift cards at the end of December.
In total, £292,512 was paid through the scheme, which has been running for the past two years.
Mole Valley Farmers chief executive Jack Cordery said agricultural supplier’s “unique” loyalty bonus scheme underpins its cooperative ethos and serves as a thank you for the loyalty of its shareholders.
“The scheme is designed to return money to our shareholders based on what they spend. The more essential inputs that are sourced through us, the more they receive,” he said.
“By working together, with our shareholders committing to buying through us, the better the deals we can secure. In a challenging environment, it is essential we secure competitive prices so we can continue to deliver outstanding value for our farmer shareholders.
“The past year has seen pressure on farmgate prices, high interest rates and high inflation.
“We firmly believe we are collectively stronger when we work together, using our scale and buying power to weather price volatility, ensure security of supply and combat general unpredictability in the market.”
Throughout the past year, Mole Valley Farmers said it has continued to invest in feed mills and production sites with the aim to drive down costs and improve product quality to support shareholders, members and farming customers.
The Mole Valley Farmers loyalty bonus scheme is set to continue for the next financial year.
