Entries by Golden Growers

GGC Approves Distribution of $0.14/bushel

On September 14th, the Golden Growers Board of Directors approved a distribution of $2,168,667 to members of record as of October 1, 2017. This distribution is to be issued no later than October 15th. Total 2017 allocated income was $7,366,209. With this distribution a total of $6,552,471 of 2016 equity credit has been retired. Your […]

GGC Members to Receive 1st Payments by Direct Deposit

Over 230 Golden Growers members will receive their October distribution payment by Direct Deposit through the Automated Clearing House (ACH) system. The ACH system is a method of bank to bank transfers whereby GGC uploads a payment file to our bank (Bell Banks) through a secure system. Bell Bank then communicates these transactions directly to […]

GGC Approves Distribution of $0.14/bushel, Builds Reserve

Recently, the ProGold Board of Governors voted to resume monthly distributions to its members.  The Golden Growers Board is now able to consider future obligations against revenue as they plan for member distributions. On June 15th, the Golden Growers Board of Directors approved a distribution of $0.14/bushel or $2,168,667 to members of record as of […]

Revised US/Mexico Sugar Sugar Trade Suspension Agreement Reached – Duties/Retaliation Avoided, for now

In late April, after the confirmation of US Secretary of Agriculture Sonny Purdue, expectations for a deal to revise terms of the 2014 Anti-dumping and Countervailing Duty Suspension Agreements were circulating around Washington, D.C. The following week, the U.S. Department of Commerce issued an ultimatum that the Department would reinstate duties on sugar imports from […]

Cargill signs five year lease with ProGold

ProGold announced on Monday, April 10th that a new lease agreement has been reached with Cargill, Inc. to be effective as of January 1, 2018. The prior lease will remain in effect until then. While prior leases were 10 years in length, this lease is a five-year commitment with an optional 6th year. Base rent […]

2016 Member Survey Results

In his Executive Vice President’s report, Scott Stofferahn presented detailed results from last year’s member survey. Stofferahn complimented GGC members for their 80% response rate.  “We used best practices to obtain a response, but noboey would have predicted that we would have more than an 80% response rate! This is considered phenomenal for a mail […]

NDSU Files Corn Wet Milling Market and Valuation Report

Dr. David Ripplinger, Assistant Professor at NDSU’s Department of Agribusiness & Applied Economics presented the recently filed ‘Corn Wet Mill Marketing Analysis and Valuation’ report at the Golden Growers annual meeting held on March 23rd. Dr. Ripplinger conducted a SWAT (Strengths, Weaknesses, Opportunities, Threats) analysis for corn wet milling in our region.  His research highlighted  decreased […]

Annual Meeting Set for March 23rd

Golden Growers Annual Meeting – Thursday, March 23 The Golden Growers Annual Meeting is set for Thursday, March 23, 2017 at the Doubletree Conference Center (former Cambria), 825 Beaton Drive West Fargo, ND.  The Doubletree is located on the north side of Interstate 94 where it intersects with Veterans Boulevard. This is the same location […]

Board Election 2017 (Vacancy in SE District)

Current GGC board member Bernie DeCock from Ghent, MN announced that he will not be seeking re-election to the Board at the March 23rd, 2017 annual meeting.  This vacancy allows an opportunity for those from the district who have considered serving to do so. Current directors up for re-election are: Shaun Beauclair, Steven, MN (NE […]

Golden Growers Board Approves February Distribution

On Friday, February 3, 2017, the Golden Growers Board of Directors allocated income for the 2016 tax year and approved a distribution of $.143/bushel delivered in 2016. Traditionally, the Board has issued distributions near $0.20/bushel.  This year, however, the Board issued a distribution equal to 30% of allocated income, the amount required to be distributed […]