• Golden Growers Cooperative

    Golden Growers Cooperative (GGC) was formed in 1994 to create a value-added processing opportunity for corn growers in the Dakotas and Minnesota, and currently has about 1,600 members.

  • Built On Partnerships

    GGC owns 49% of ProGold LLC in partnership with American Crystal Sugar Company, and ProGold owns a corn wet-milling plant near Wahpeton, North Dakota.

  • Always Growing

    In September, 2009, the co-op was re-organized under Minnesota’s statute 308B, which allows GGC to function as a cooperative but be taxed as a limited liability partnership.

GGC News

Share Your Thoughts on Board Governance

At the GGC annual meeting, Executive Vice President Scott Stofferahn presented a ‘preferred’ plan that would result in a reduction in Board members from 15 to 9 and Districts from 5 to 3.  Stofferahn explained that the reduction could be accomplished over a two year period from 2020 to 2021 when current Directors reach their term limits for serving on the Board. Stofferahn stated that the Board has not endorsed a plan, but they identified a preferred option to present to GGC members. We…

GGC Approves Distribution of $0.14/bushel and passes $100 million in total distributions to members!

On June 15th, the Golden Growers Board of Directors approved a distribution of $2,168,667 to members of record as of June 1, 2018. This distribution is to be issued no later than June 30th. Total 2017 allocated income was $8,276,784 or roughly $0.53/bushel. In February, the Board issued a distribution to retire $2,493,967 of 2017 allocated income. This June distribution will retire $813,735 of remaining 2016 allocated income and $1,354,932 of 2017 allocated income for a combined total of $2,168,667…

Ethanol Groups Vent Frustration

When EPA Secretary Pruit toured the states of South Dakota and Iowa in June, he was met by farmers protesting the Agency’s unwillingness to make good on a promise by President Trump to allow E15 to be sold all year round. At issue is an EPA regulation on Reed vapor pressure (RVP) that effectively bans 15% ethanol fuel blends from being sold in most markets during the summer even though E15 has lower RVP emissions than gasoline sold in the same markets. In April, 18 Senators (including all…

Events

Golden Growers Cooperative

Golden Growers Cooperative (GGC) was formed in 1994 to create a value-added processing opportunity for corn growers in the Dakotas and Minnesota, and currently has about 1,600 members. GGC owns 49% of ProGold LLC in partnership with American Crystal Sugar Company, and ProGold owns a corn wet-milling plant near Wahpeton, North Dakota. The ProGold plant makes high fructose corn sweeteners, corn gluten feed and corn gluten meal. The plant also separates corn germ which is sold for production of corn oil. Since, 1997, the ProGold plant has been leased to Cargill, Inc., which operates the plant and markets all of its products. The current lease agreement extends to December 31, 2017.

In September, 2009, the co-op was re-organized under Minnesota’s statute 308B, which allows GGC to function as a cooperative but be taxed as a limited liability partnership. At that time, GGC opened its membership to residents of the 50 states and non-corn producers. All members do, however, have an annual corn delivery obligation that can be met by actual corn deliveries or by appointing GGC as its agent to arrange for delivery of their commitment. Members are required to own a minimum of 4,000 Units, and each member’s corn commitment is one bushel per Unit of ownership.

Persons interested in learning more about acquiring GGC Units should contact FNC Ag Stock, LLC at (701)780-2828 or (855)827-7391, and ask for Mr. Jayson Menke, or email to jmenke@fncagstock.com.

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