• 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 1,600 members.

  • Built On Partnerships

    GGC owns 49% of ProGold LLC in partnership with American Crystal Sugar Company, and 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.

GGC News

GGC Board Approves Distribution of $0.13/Unit

On June 17th, the Golden Growers Board of Directors approved a $0.13/Unit distribution of $2,013,762 to members of record as of June 1, 2021. This distribution will retire a portion of remaining 2019 allocated income. With this distribution, the remaining equity credit balance is $5,765,571 or $0.37/bushel. This balance is useful in determining per Unit basis levels and does not constitute an outstanding obligation for GGC. It has been the GGC Board’s goal to level out distributions through…

MDU Announces Natural Gas Line to Wahpeton

Montana Dakota Utilities (MDU) announced plans to increase the supply of natural gas to the Wahpeton Community. This comes after several years of advocacy for a solution by Wahpeton city leaders, legislators, and industrial partners. Presently, Wahpeton-Breckenridge is supplied by Great Plains Natural Gas (GPNG) through a 6-inch, high pressure natural gas pipeline that originates in Vergas, MN as an 8-inch pipe. (GPNG is a subsidiary of MDU.) From Fergus Falls, it is reduced to a 6-inch pipe that…

Pre-Dryer Repair Approved

In April, the ProGold Board approved the repair of the pre-dryer at the ProGold plant. This repair is considered a major capital expense where the cost is the financial responsibility of ProGold. Previously, repairs to the finish dryer were completed at an approximate cost of $1.6 million. The pre-dryer, which is constructed much the same as the finish dryer, is having similar structural failures that are getting progressively worse. To accomplish the repair, a conveyor must be built so that the…

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 1,540 members. GGC owns 49% of ProGold LLC in partnership with American Crystal Sugar Company, and 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, 2022, but could extend for one additional year to December 31, 2023.

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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