Entries by Golden Growers

‘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 […]

CRA President, John Bode to speak at Annual Meeting

Golden Growers is pleased to announce John Bode as our guest speaker at our March 29, 2018 GGC Annual Meeting to be held at the DoubleTree Conference Center in West Fargo, ND. Since 2013, Mr. Bode has served as the President of the Corn Refiners Association, a national association representing the corn wet milling industry of […]

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 […]