Golden Growers members have the option to receive their distribution payments through Direct Deposit or by paper check. One third of members continue to receive payments by check. Unfortunately, several checks are never cashed because they are lost or misplaced. Currently, there are numerous uncashed checks from 2018 and 2019. We work hard to make […]
Constraints on natural gas supplies in Wahpeton have caused concerns at the ProGold plant and for other major users of natural gas in the area. Whenever the temperature drops below 20 degrees on winter days it is common for Great Plains Natural Gas (local supplier) to notify Cargill and other major users to curtail use […]
2020 ADA Pool Election Decision Each year, Members have the opportunity to change their method of delivery by submitting a revised Annual Delivery Agreement (ADA). This is your only opportunity to change your method of delivery for the coming year. You should have already received your Annual Delivery Election letter with the ADA form on […]
On September 12th, the Golden Growers Board of Directors approved a distribution of $2,168,667 to members of record as of October 1, 2019. This distribution retires the remaining portion of 2017 allocated income and a portion of 2018 allocated income. Total 2018 allocated income was $7,811,471 or roughly $0.504/bushel. In combination with the February and […]
On June 10th, the Golden Growers Board of Directors approved a distirubtion of $2,168,667 to member of record as of June 1, 2019. This distribution retires an additional portion of 2017 allocated income and is to be issued no later than June 30th. This distribution authorized by the Board will result in a remaining equity […]
Recently, Cargill informed ProGold that repairs to the finish dryer at the plant would occur in 2020 at a cost of over $2 million. These repairs will consist of the replacement of the tube sheet, tubes and significant shell reinforcement. The fiber finish (tube sheet) dryer, is a last stage dryer for corn gluten feed […]
On May 9th, Chairman Mark Harless was among a group of farmers who met with Vice President Pence near Glyndon, MN. Mr. Pence was promoting the passage of USMCA trade agreement. Harless stressed the importance of the Mexican market for black beans and HFCS. He explained how HFCS has a very fragile supply/demand balance. “We […]
According to Stofferahn, administrative costs are down for the 5th year in a row. 2018 cost reductions are primarily related to reduced legal expenses (SEC related). “Direct Deposit of distribution payments has also been very helpful in allowing a more efficient refocusing of time to more important tasks.” Stofferahn addressed additional questions often asked by […]
At the GGC Annual meeting, members overwhelmingly approved bylaw changes to reduce the number of directors from 15 to 9 (through attrition) and the number of districts from 5 to three. Members also re-elected: David Benedict, Matthew Hasbargen, Nicolas Pyle, Byron Koehl, and Brett Johnson. At their reorganization meeting, the Board re-elected the following Board members to […]
Chairman Mark Harless opened his remarks by outlining the proposed bylaw amendment and concluded, “In 2009, Golden Growers changed to a MN 308B Cooperative. Members voted to amend our bylaws to accommodate that change. On the ten-year anniversary of that vote, we ask for your support again to amend and update our bylaws.” Highlighting changes […]