On September 17th, Golden Growers Cooperative’s (GGC) Board of Directors approved a distribution of $0.23 per bushel delivered in 2014 or per member unit, effective for members of record on October 1, 2015. This distribution has two components:
- First, the distribution includes the retirement of the remaining $0.0836 per bushel 2014 equity credits. This completes retirement of remaining 2014 equity credit; and
- Second, the distribution includes $0.1464 per membership unit as a ‘partnership distribution.”
This brings GGC distributions since 2008 to over $80 million, or about $5.18 per average ownership unit.