MFU and Farmers Union Insurance Agency invest in 40 Square Cooperative Health Solutions
November 8, 2017
ST. PAUL – The Minnesota Farmers Union (MFU) Executive Committee voted on Nov. 3 to approve the organization’s purchase of shares in 40 Square Cooperative Health Solutions, a new health care cooperative for Minnesota farmers.
40 Square is an example of farmers coming together in a cooperative to address a need. MFU, a grassroots organization, has its heritage in the cooperative model.
“Ever since farmers in Jackson County started organizing for fairer commodity prices in the early 1910’s, MFU has been a strong backer of new cooperatives,” said Gary Wertish, President of MFU. “We supported legislation passed this year that allowed Minnesota farmers and agribusinesses to form cooperatives for health care, which makes groups like 40 Square possible. We are happy to make this investment in 40 Square.”
Also, Farmers Union Insurance Agency (FUIA), an MFU-owned company serving the insurance needs of Minnesotans, is boosting the marketing efforts of 40 Square. The majority of FUIA agents have signed up to write 40 Square health care policies for their farmer customers.
“Farmers Union Insurance Agency is always seeking sustainable health insurance options for Minnesota’s farm families and their employees, and we feel 40 Square will be a viable option today and into the future,” said Rodney Allebach, President and General Manager of FUIA. “We are proud to partner with Minnesota Farmers Union and 40 Square by taking a stake in this partnership.”
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