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, […]
About Golden Growers
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Entries by Golden Growers
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 […]
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 […]
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Golden Growers Cooperative
Golden Growers Cooperative (GGC) currently has about 1,600 members and owns 49% of ProGold LLC in partnership with American Crystal Sugar Company, and ProGold owns a corn wet-milling plant near Wahpeton, North Dakota.
Golden Growers Cooperative
1002 Main Avenue West, Suite 5
Fargo, ND 58078
Cargill - Wahpeton
18049 County Road 8E
Wahpeton, ND 58075