Entries by Golden Growers

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 […]

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 […]

‘Looking Straight Ahead’ – Chairman’s Annual Report

Chairman Mark Harless explained details of the new ProGold lease to Cargill. In particular, he focused on Cargill’s ‘option’ to purchase 50% of ProGold. “Golden Growers signed an agreement consenting to the sale, pending a partnership agreement between Golden Growers and Cargill. Golden Growers has also secured the right to purchase 1% of ProGold from […]

Executive Vice President’s Report

This is our first full year as a single employee organization, stated Scott Stofferahn, Golden Growers Executive Vice President. “We’ve been able to make it work through contracting with Eide Bailly for bookkeeping and by finding more efficient ways to do things. As a result, our administration expenses are down this year and are projected […]

The 199A Federal Tax Provision (An Update)

UPDATE: An agreement was reached and included in the Omnibus spending bill approved in late March. While the ‘fix’ has re-leveled the playing field, it too is complicated. Therefore, we’ll leave the explanations up to other sources and your tax accountant. Related Article: How the Section 199A ‘Fix’ Will Work – April 6, 2018 DTN […]

Annual Meeting Set for March 29th in West Fargo

Golden Growers Annual Meeting – Thursday, March 29 The Golden Growers Annual Meeting is set for Thursday, March 29, 2018 at the DoubleTree Conference Center 825 E Beaton Drive, West Fargo, ND. The Doubletree is located on the north side of Interstate 94 where it intersects with Veterans Boulevard. The schedule is as follows: 8:00 […]