Entries by Golden Growers

Cargill’s Sustainability Director Featured at GGC Annual Meeting

Golden Growers is pleased to announce Ryan Sirolli as our annual meeting guest speaker. Ryan is the Global Row Crop Sustainability Director for Cargill. He is responsible for leading strategy development and implementation of row crop sustainability programs and initiatives across Cargill’s enterprises. ‘As the food and bio-industrial industries evolve, it is important to understand […]

Five District Directors to be Elected at March 29th Annual Meeting

At our Annual Meeting, Members have the opportunity to re-elect or elect Directors to serve on the GGC Board of Directors. Current directors up for re-election are: David Benedict, Sabin, MN (EC District); Matthew Hasbargen, Breckenridge, MN (NE District); Nicolas Pyle, Casselton, ND (NW District); Byron Koehl, Hancock, MN (SE District); and Brett Johnson, Mooreton, […]

Selling Units, Values, and Other Questions:

The following Answers are provided as a result of often asked questions by our members. Question: Can I sell my membership units to anyone I choose? Answer: Unless the person you are selling to is an immediate relative, the answer is NO. IRS regulations require that arms length transactions go through a Qualified Matching Service. […]

GGC Issues Distribution Payment of $0.152/bushel

On February 1, 2019, after review of the 2018 end of year financial and income statements, the Board of Directors allocated income of $7,811,471 to the members of Golden Growers Cooperative. The Board also approved the retirement of a portion of allocated equity credit in an amount of $0.152 per patronized bushel for a total […]

Golden Growers K-1 Tax Forms

Golden Growers 2018 K-1 Partnership Tax Forms were placed in the mail on February 15th. Unlike 1099s, issuing K-1 tax forms requires Golden Growers to close the year, begin our annual audit, and complete our tax return. Because we understand the need to timely issue a K-1 for our farmer members, our K-1 is issued […]

SAVE THE DATE: GGC Annual Meeting Set for Thursday, March 28th

Golden Growers Cooperative will hold its Annual Members Meeting on Thursday, March 28th at the Doubletree Conference Center, 825 E Beaton Drive, West Fargo, ND. Members will have the opportunity to elect Directors to serve on the Golden Growers Board. Current directors up for re-election are: David Benedict, Sabin, MN (EC District); Matthew Hasbargen, Breckenridge, […]

GGC Board Approves Distribution of $0.14/bushel

On September 13th, the Golden Growers Board of Directors approved a distribution of $2,168,667 to members of record as of October 1, 2018. This distribution retires an additional portion of 2017 allocated income and is to be issued no later than October 15th. Total 2017 allocated income was $8,276,784 or roughly $0.53/bushel. In combination with […]

2019 Annual Delivery Pool Election

Each year, Members have the opportunity to change their method of delivery by submitting a revised Annual Delivery Agreement (ADA). This is your only opportunity to change your method of delivery for the coming year. You should have already received your Annual Delivery Election letter. Only members intending to change their delivery method need to […]

2019 Incentive Payments and Agency Fees

Incentive Payments and Agency Fees for Method A and Method B Pool participation will remain the same for 2019. That means Golden Growers will pay $0.05 for Method A bushels delivered directly to the plant and will charge $0.02 for Method B bushels the Cooperative secures and delivers on a member’s behalf.

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 […]