Farmer owned cooperatives were formed and exist for the mutual benefit of their members. How do members benefit? Last year, Nebraska’s farmer owned cooperatives made cash payments of patronage allocations (profits) and members equity redemptions in the amount of almost $78 million. These cash payments were made to local farmer and rancher cooperative patrons. No other agricultural input or grain company shares its profits with its patrons in such a manner. These cash payments to members were in addition to Nebraska’s cooperatives reinvesting $186 million in 2017 in upgrading facilities and equipment to serve their farmer and rancher owners.
What a crazy start to the 2018 production season! The market continues to make swings both to the upside and downside. As is the case in a lot of years, we have concerns of too much moisture in places and not enough moisture inother places. The China/US tradenegotiations, and the possibility of making some major progress withNorth Korea, is adding more fuel to the fire. Private estimates of the Brazilian corn crop are decreasing as the weather continues to be unfavorable. Planting progress for beans is running ahead of the 5 year average while the corn is near the 5 year average here in theUS.
We often use the phrase “Our Employees Are Our Greatest Asset,” but what does that mean at Farmers Cooperative? Everyday employee’s use their knowledge learned of how Farmers Cooperative is working by sharing insights into optimizing processes, identifying trends which allows us to capitalize on things that are working well and recognizing cross-functional teamwork opportunities. This allows all 600+ employees with feet-on-the-ground the ability to communicate with customers, anticipating needs and heading off problems before they happen.
As we look towards post emerge weed control, we can look back and say “that was an interesting spring.” From starting off very cold to running pivots in May and planting the majority of the crop in a 14 day period,it was definitely interesting.Thanks for your support this spring and we look forward to servicing your needs this summer.
Every day we get phone calls asking “How much is your propane today?” While I agree this is a very important question, what we don’t get asked is that even more important second question which is, “What do I get with that?” With many companies all you get is the propane and nothing else. We at Farmers Cooperative provide much, much more than just that gallon of propane.