HARLESS ELECTED CHAIRMAN OF GOLDEN GROWERS

At the conclusion of the Golden Growers Annual Meeting, the Board of Directors elected Mark Harless of Moorhead, MN to be Chairman.  Harless his wife Lenae, and their son Paul farm near Borup, MN raising corn, soybeans, and edible beans.

In addition to Harless, other officers selected include: Nicolas Pyle of Casselton, ND elected as First Vice-Chair, Shaun Beauclair of Stephen, MN elected as Second Vice-Chair, Matt Hasbargen of Fargo, ND elected as Secretary, and Les Nesvig of LaMoure, ND elected as Treasurer.

Golden Growers Members elected Scott Jetvig of Hawley, MN in the East Central District who to replace Paul Borgen of Dilworth, MN who chose not to run for re-election. Larry Vipond of Herman, MN was elected from the Southeast District to replace former Chairman Jason Medhaug of Veblen, SD who retired from the Board. Re-elected to the Board were: Gary Jirak of Breckenridge, MN in the Northwest District; Bruce Speich of Milnor, ND in the Southwest District; and Les Nesvig of Lamoure, ND in the Northwest District.

Golden Growers Cooperative has 1557 members located primarily in North Dakota, Minnesota, and South Dakota. Together with American Crystal Sugar, they own the ProGold wet milling plant in Whapeton, ND operated by Cargill.

Golden Growers Annual Meeting – March 24, 2015

Make your plans now to attend the Golden Growers Cooperative Annual Meeting beginning at 9 am, Tuesday, March 24th at the Courtyard by Marriott in Moorhead, MN

This is a great time to visit with your fellow members, hear what has occurred in the prior year, and learn more about your Cooperative’s Business.

The agenda includes:

9:00 am Morning Short Courses:

  • Developing Rural Leaders (Marie Hvidston, NDSU Extension, Rural Leadership North Dakota)
  • Project Update: NPN’s Nitrogen Fertilizer Plant (Darin Anderson, President, Northern Plains Nitrogen); and
  • Corn Market Outlook (Pat Pithey, Cargill Corn Merchandizing)

10:00 am Annual Meeting: Election of Directors: Review of the Financial Statements; Reports by Chairman Jason Medhaug and Executive Vice President Scott Stofferahn.

11:00 am Guest Speaker: Retail Insights Thought Leader, Todd Hale

11:45 am Lunch

Food Trend Expert Todd Hale To Speak At GGC Annual Meeting

You won’t want to miss this year’s featured speaker! Golden Growers welcomes recognized consumer insights thought leader, Todd Hale.

Mr. Hale’s engaging presentation, Tracking Trends that Matter, will focus on consumer shopping, buying, and consumption behaviors that are driving trends and market reactions in the food and beverage industry.

Todd Hale’s 36 years of experience in the consumer research industry, including 30 years with Nielsen, makes him a frequently sought-after industry speaker. Todd regularly assists manufacturers and retailers with strategic visions to facilitate brand, category and retail sales growth.

Todd earned an MBA and a BA in Business from Wright State University.

Golden Growers Annual Meeting begins at 9 am on Tuesday, March 24th at the Courtyard by Marriott in Moorhead, MN

Streamlined Transfers for Trusts, Joint Tenants, or Tenants in Common

The Golden Growers Board of Directors implemented a new policy to simplify some common transfers.  The policy applies to transfers to trusts and for the addition or deletion of a tenant.

Because of estate planning, many GGC members make requests to transfer their membership interest into a trust or they request the addition of a spouse as a joint tenant.  In other circumstances, we are asked to delete a joint tenant or a tenant in common.

To accommodate these transfers that do not result in a change in membership ID and often don’t result in a change in Tax IDs, the new policy allows for transfers to be processed administratively.

Transferees must agree to succeed to the Uniform Membership Agreement, Annual Delivery Agreement, any Security Agreements on file, sign a new Annual Delivery Agreement for the coming year.

Transfer forms and instructions are posted on the GGC Website under the Membership Tab by clicking on the Transfer Applications/Documents link.

Feel free to contact the Golden Growers office if you have any questions.

Sosland: United States, Mexico draft sweet agreement

The governments of the United States and Mexico drafted an historic sugar trade agreement Oct. 27 in an effort to avoid potential U.S. import duties of more than 50% and the possibility of an escalating trade war. If ratified, it likely will be the biggest news in the sugar market since Jan. 1, 2008, when the North American Free Trade Agreement opened the door to unrestricted trade of sweeteners between the two countries.

But this time the intent is to control sugar exports from Mexico that in the past couple of years have been record high, contributing to lower U.S. sugar prices and loan forfeitures in 2013. If successful, the result also may be reining in sugar cane production in Mexico that has been increasing since 2008, in part because Mexico basically saw the United States as an “easy” market to sell surplus sugar. (more)

Sosland: I.T.C finds injury in sugar dumping case

WASHINGTON — The U.S. International Trade Commission on May 9 made a preliminary determination of injury and will proceed with antidumping and countervailing duty investigations of U.S. imports of sugar from Mexico. The preliminary determination follows a decision by the U.S. Department of Commerce to initiate the case on April 18. U.S. sugar producers petitioned the I.T.C. and the D.O.C. on March 28 claiming subsidized Mexican sugar was being dumped in the U.S. market at a cost of about $1 billion to U.S. sugar producers in the current marketing year.

“Given the low threshold for determining injury in the U.S. I.T.C.’s preliminary determination, we are not surprised by today’s ruling,” the Sweetener Users Association said following the May 9 decision. “The vote simply allows the investigation to continue. However, while U.S. sugar producers had the right to file the petition under U.S. law and the U.S. I.T.C. has at this early stage made a preliminary determination of injury, it should not be assumed that the case has merit. To the contrary, we expect that the U.S. sugar producers will lose when the U.S. I.T.C. is able to complete the full investigation.”  (more…)

Food Availability of glucose and fat, but not fructose, increased in the US between 1970 and 2009

Conclusions: These data suggest that total fructose availability in the US did not increase between 1970 and 2009 and, thus, was unlikely to have been a unique causal factor in the increased obesity prevalence. We conclude that increased total energy intake, due to increased availability of foods providing glucose (primarily as starch in grains) and fat, to be a significant contributor to increased obesity in the US.

Food availability of glucose and fat, but not fructose, increased in the US between 1970 and 2009 

Golden Growers total payout hits milestone

MOORHEAD, Minn. — As of February 2013, cash distributions for owners of Golden Growers Cooperative, a high-fructose corn sweetener plant in Wahpeton, N.D., surpassed the $3.45 per unit that farmers originally invested to build the plant in 1995.

At the Golden Growers annual meeting in Moorhead, Minn., on March 21, co-op officials reported earnings per share increased to 36 cents last year, up from 34 cents per share in 2011. Equity has declined to $42.7 million from $46.6 million, but that’s by design.

Fargo-based Golden Growers is a 49 percent owner of ProGold LLC with American Crystal Sugar Co. of Moorhead. Fifteen years ago, the two companies leased the plant to Cargill, which now processes about 30 million bushels of corn into corn fructose at the location. About half of the corn comes from Golden Growers members.

– See more at: http://www.agweek.com/event/article/id/20680/#sthash.PHSUwtHb.dpuf