September 2019 Newsletter

Sep 01, 2019

Farmer Cooperative 2019

Keeping Accounts Current is a Sign of a Healthy, Well Managed Operation

Have you paid your account? The end of our fiscal year was August 31. During the month of September, Farmers Cooperative will have its books audited to determine how financially successful your cooperative has been the past year. The auditors will look at our accounts receivable to see if we are collecting accounts in a timely manner. It’s a bad reflection on the cooperative’s operations if accounts are slow, old, and deemed doubtful. According to Farmers Cooperative’s credit policy, there should be no accounts receivable over 60 days. All purchases made on credit during the month are due in full by the end of the month following the statement date. Following the credit policy will help you avoid paying finance charges and will help your cooperative’s financial strength and stability. Please pay your August statement before September 30th. Thank you for your cooperation!


Read More News

May 01, 2023

Fiscal year 21/22 proved to be one for the record books for your company. Record volumes of grain were handled as a result of the largest harvest handle to date during the fall of 2021. Along with extreme volatility for all commodities, this provided many opportunities for your company. Record prices for both grain and inputs were also experienced in 2022 as the Russia/Ukraine war shifted demand around the world for grains and fertilizers. As the war progressed and sanctions were put on by both sides, Euro Gas jumped to nearly $100/MMBtu, forcing nitrogen manufacturing facilities in Europe to shut down, allowing U.S. nitrogen producers to export to Europe keeping domestic prices in the U.S. firm. Thankfully Europe has had a mild winter this year with only five days having recorded temperatures below freezing so far, bringing gas prices back down, thus causing fertilizer prices to soften as most European nitrogen manufacturers are again producing products.

Oct 15, 2022
It is hard to believe we are down to a little over a quarter of 2022 left. It will certainly go down as one of the most volatile when it comes to price action in the commodities we buy and sell. From record input prices to grain prices, 2022 has been one for the ages.
Mar 31, 2022
2021 will go down in the record books for a lot of things – one could be for the greatest number of times we’ve said, “we’ve seen this before.”