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 […]
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 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 […]
Brian Jennings discussed ethanol production, demand, and policy issues in his guest presentation. In 2020, we lost 700 million bushels of corn use for ethanol due to the pandemic. Domestic use dropped from over 14 Billion gallons in 2019 to just over 12 Billion gallons in 2020. “We are seeing a recovery in 2021, but […]
Chairman Mark Harless reflected on the year of the COVID-19 pandemic and its impacts on our personal lives, communities, and nation. He offered Golden Growers’ deepest sympathies to friends and families of numerous members who have died from the virus in the past year. The pandemic had significant impacts on agriculture, according to Harless. Specific […]
Golden Growers members re-elected Larry Vipond (South District) and Scott Jetvig (At-Large Director) at the 2021 Annual Meeting. Pursuant to bylaw changes approved in 2019, the total number of Board members has now been reduced to nine. At the 2022 Annual Meeting, there will be three vacancies to fill as three additional board members reach […]
The 2021 Golden Growers Annual Meeting will be held through Remote Communication using GoToMeeting’s Conferencing Services starting at 9:30 am CDT on March 25th. Members received a letter and an email (for those who have provided an email address to Golden Growers) with instructions on how to connect with GoToMeeting. If you do call in, […]
Golden Growers Cooperative will hold its Annual Members Meeting on Thursday, March 25th. The meeting is tentatively planned for the Doubletree Conference Center, 825 E Beaton Drive, West Fargo, ND. However, the Board of Directors may decide to hold the meeting virtually if it appears that the coronavirus pandemic remains a risk to our members. […]
The Golden Growers Board had an extensive discussion about the value of Direct Deposit for members (assurance of accurate and timely receipt of distributions) and the cooperative (lower administrative costs). At the conclusion of that discussion, the Board approved a change in policy intended to gradually move all members to participate in Direct Deposit. Changes […]
On October 5th, Golden Growers mailed the ‘Annual Pool Election’ letter offering members the opportunity to change their delivery method for the coming year. Only members who intend to change their delivery need to respond. Once delivery methods are set, GGC is not able to change a member’s delivery obligation for the year. Therefore, if […]