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Co-op News |
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page will serve as our way of communicating to you, our valued customers
and patrons, in a timely and direct manner.
Dawson Grain Co-op's vision is to keep an open mind to the ever changing agricultural markets, and be receptive to changes which will benefit our patrons today and tomorrow. If there are items of interest that you would like to see displayed on our web site, please send an email to dgc@frontiernet.net or call us at 320-769-2929.
Press Release September 7, 2007 September 7, 2007. Lac Qui Parle Ethanol, LLC announced today their intent to build a 40 million gallon per year ethanol plant near Dawson, Minnesota. The plant will be designed and built by Fagen Inc. of Granite Falls, MN and ICM of Colwich, KS. Growing out of meetings in the spring of 2006 organized by the Lac Qui Parle Economic Development Authority and then a steering committee of local farmers, businessmen, and elevators, Lac Qui Parle Ethanol, LLC was formed to move the dreams of a local ethanol plant to reality. Momentum continues to build with the recent signing of a Letter of Intent with Fagen, Inc. Jeff Rheingans, President, and Jim Bakken, Secretary, are excited to see the progress of the project and the expected benefits the project will bring to our area. Having Fagen, Inc. on board is a real plus. In the last five years they have built approximately 2/3 of the new gallons of ethanol production in the U.S. They are clearly a leader in the industry. Work will begin on securities filings in order to offer investment opportunities in the project to area residents. Exact construction timing will be set when the multitude of required permits are approved.
Aug. 23, 2007 Annual meeting has been set for Monday Sept. 10th. at the Dawson city building. Supper serving will begin at 5:30 with meeting to be held at 7:00 March 1,2005 We are now offering no service charge
delayed price D.P.-(free storage) on both corn and soybeans. This
can only be used on grain that is not under loan. The free D.P. will go until
August 31,2004. We will not take contract grain early and put
on D.P. If you have any question call or email me. Aug. 24,2004 Annual meeting date has been set for Wed.
Sept. 15th at Mogie's of course. Supper will be served from 5:30
to 7:00 with the meeting at 7:00. We hope to see you there. April 23,2004 We are now offering no service charge delayed price D.P.-(free storage) on both corn and soybeans. This can only be used on grain that is not under loan. The free D.P. will go until August 31,2004. We will not take contract grain early and put on D.P. If you have any question call or email me.
March 5, 2004 The Board of Directors of Dawson Grain Coop are happy to announce another equity retirement totaling $68,154.41 approved at their last board meeting, with the checks to be mailed on the first of May 2004. All equity holders will be receiving a check for the balance of the remaining Land O Lakes equity held at Dawson Grain Coop. The taxes on this retirement have been paid so you need not claim this as income on your taxes. This retirement is a continuation of the Boards strong desire to remain on a 8 to 10 year equity retirement plan. Including this retirement and the cash dividends, Dawson Grain Coop has in the past six years paid back to our patrons a total of $737,146.25 in cash. Last year Dawson Grain Coop paid out a total of $102,027.41 in cash. This represents 114.2% of the local earnings from last year. With the continued support of our patrons we hope to continue to pay out not only a 30% or higher cash dividends but also stick to our equity retirement plan. Thank you for your continued support.
Ron Sigdahl, President Greg Bothun, Vice President Maren Bakken, Secretary Bruce Bergeson David Bergeson Dan Lee Andy Schmitt
12-26-03 Dawson Grain Coop’s Board of Directors would like to keep you our patrons informed as to the progress or status of our talks with the Farmers Elevator of Dawson. After 9 months of meetings, planning, and budgeting we have been informed that our last and final offer has been turned down. Reasons stated debt obligations higher than our offer along with a better offer from another interested party. Over this time period we looked at many different options to put the two together and came to the conclusion that the best way for both parties was a purchase of The Farmers Elevator’s assets by Dawson Grain Coop. We called on several outside individuals to help us in establishing a value that was fair and yet at a level that the new company could generate a profit allowing us to continue to pay dividends and revolve equity at a fair revolvement. The outside help we called on includes our auditor Blain Christianson, our loan officer Rod Paulson, CHS field man Calvin Diehl, and Roger Hermes. With their expert help we felt we had all our bases covered and also had established a value that would generate positive cash flow. Your Board and Management were 100% in favor of this from start to finish and looked forward to making this opportunity work. Your Board and Management felt after careful consideration and planning that our offer to the Farmers Elevator was a fair and workable offer that would benefit both companies patrons. It was also felt any higher offer would jeopardize the long-term ability of Dawson Grain to follow both their mission and vision statements. The most important is to generate positive cash flow capable of meeting present and future opportunities. Dawson Grain Coop is still open to any future opportunities that may come up with The Farmers Elevator but your board will now concentrate on other opportunities and ventures that will benefit you our members. If you have any questions or concerns about this please feel free to call me at 320-769-2929 or email me at dgc@frontiernet.net. The Board of Director’s would like to thank the Board of Farmers Elevator for allowing us to present our proposals and for their consideration of said offers. We wish then luck in their continued efforts. In closing The Board and employees of Dawson Grain Coop would like to wish you and yours a very Merry Christmas and a Happy and profitable New Year.
May 1, 2003 The Board of Directors of Dawson Grain Coop are happy to announce another equity retirement approved at their last board meeting. All equity holders will be receiving a check for $750.00 or the balance of their equity if it is less than the $750.00 approved. The taxes on this retirement have been paid so you need not claim this as income on your taxes. This retirement is a continuation of the Boards strong desire to remain on a 8-year equity retirement plan. Including this retirement and the cash dividends, Dawson Grain Coop has in the past five years paid back to our patrons a total of $635,118.84 in cash. Last year Dawson Grain Coop paid out a total of $117,516.41 in cash. This represents 82.2% of the local earnings from last year. With the continued support of our patrons we hope to continue to pay out not only a cash dividends but also stick to our equity retirement plan. Thank you for your continued support. Ron Sigdahl, President Greg Bothun, Vice President Jon Roisen, Secretary Bruce Bergeson David Bergeson Dan Lee Maren Bakken
------------------------------------------------------------------------------------- . September 23, 2002 The Board of Directors of Dawson Grain Coop are pleased to announce another successful year. We would like to thank you for your continued patronage and ask for your continued support. As has been done in the last few years the Board has again went with paying 30% of the dividends in the form of cash and 70% put into the revolving credits. I will include a summery of this year’s numbers but for those of you that were not able to make the annual meeting please stop in and get a report if you would like one. We had total income of $308,440.00 with $142,881.00 of that being local income. The balance of the regional income coming from A.G.P. dividends. A break down of dividends paid out is as follows. Corn $0.0203 per bushel Soybeans $0.1427 per bushel Wheat $0.0287 per bushel Feed sales 3.2% of dollars purchased Services 10% of dollars spent (grinding, hauling, storage, and drying) Also the 3% dividend was paid to all the preferred stock holders The break down for your dividends will be on your check stub. If you are both a preferred stock holder as well as an active patron you will receive two checks. One with your preferred stock dividend and the other with your last years business dividend. If you have any questions please call the office at 320-769-2929. Thanks again for your business last year and for your continued support in the next year.
Dawson Grain
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