• Golden Growers Cooperative

    Golden Growers Cooperative (GGC) was formed in 1994 to create a value-added processing opportunity for corn growers in the Dakotas and Minnesota, and currently has about 1,500 members.

  • Built On Partnerships

    GGC and Cargill Inc. are 50/50 partners in the ownership of ProGold, LLC. ProGold owns a corn wet-milling plant near Wahpeton, North Dakota.

  • Always Growing

    In September, 2009, the co-op was re-organized under Minnesota’s statute 308B, which allows GGC to function as a cooperative but be taxed as a limited liability partnership.

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GGC News

Brett Johnson is Golden Growers new Chairman of the Board

At the conclusion of the Golden Growers Annual Meeting on March 23rd, the Board of Directors elected Brett Johnson as Chairman. Johnson replaces Mark Harless who served as Chair for eight years before retiring from the Board. Brett Johnson was first elected to the Board in March of 2013. Most recently, Brett served as 1st Vice Chairperson and as Chair of the Audit Committee. Brett farms in partnership with his brother near Mooreton, ND where they raise corn, soybeans, and sunflowers. Mr. Johnson…

GGC Board Approves Distribution of $0.14/Unit

On June 15th, the Golden Growers Board of Directors approved a $0.14/Unit distribution of $2,168,667 to members of record as of June 1, 2023. This distribution will retire a portion of remaining 2021 allocated income. With this distribution, the remaining equity credit balance is $7,982,511 or $0.52/bushel. This balance is useful in determining per Unit basis levels and does not constitute an outstanding obligation for GGC. The Golden Growers Board reviewed five-year revenue projections related…

Estate Planning and Member Transfer Requests

Quite often, members or a law firm representing them, contact the Golden Growers office requesting changes related to estate planning. For members requesting these types of ‘private’ transfers, Golden Growers will prepare and mail the paperwork to the member for signature. Below are examples of typical requests related to estate planning. Transfer membership from individual to joint tenancy to avoid probateIf a member has their interest listed in their name as an individual, and they…

Events

Golden Growers Cooperative

Golden Growers Cooperative (GGC) was formed in 1994 to create a value-added processing opportunity for corn growers in the Dakotas and Minnesota, and currently has about 1,500 members. GGC and Cargill Inc. each own own 50% of ProGold LLC. ProGold owns a corn wet-milling plant near Wahpeton, North Dakota. The ProGold plant makes high fructose corn sweeteners, corn gluten feed and corn gluten meal. The plant also separates corn germ which is sold for production of corn oil. Since, 1997, the ProGold plant has been leased to Cargill, Inc., which operates the plant and markets all of its products. The current lease agreement extends to December 31, 2026.

In September, 2009, the co-op was re-organized under Minnesota’s statute 308B, which allows GGC to function as a cooperative but be taxed as a limited liability partnership. At that time, GGC opened its membership to residents of the 50 states and non-corn producers. All members do, however, have an annual corn delivery obligation that can be met by actual corn deliveries or by appointing GGC as its agent to arrange for delivery of their commitment. Members are required to own a minimum of 4,000 Units, and each member’s corn commitment is one bushel per Unit of ownership.

Persons interested in learning more about acquiring GGC Units should contact FNC Ag Stock, LLC at (701)780-2828 and ask for Nick or Andy, or email to info@fncagstock.com.

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