Air Tractor Becomes Employee-Owned

On July 1, 2008, Air Tractor, Inc. became an employee-owned company with the establishment of an Employee Stock Ownership (ESOP) Plan.

The Snow family wanted to assure the long-term success of the company that Leland Snow founded. And they wanted to reward employees for their service to the company. The ESOP provides incentives for employees to be productive and efficient in their work to help make Air Tractor more competitive and profitable every year. As the value of the company increases, so does the value of the company stock – and the employees’ retirement nest egg.