As always, we appreciate our customers who bring purpose to our cooperative, our directors who give us vision and governance, and our employees who take pride in serving our customers the 'AGRILAND FS way'.
- John Knobloch, General Manager
The 2014-15 fiscal year proved to be a transitional year for agriculture producers and your cooperative AGRILAND FS. Row crop farmers transitioned from extremely strong returns per acre to lower or negative returns. AGRILAND FS transitioned to lower financial returns, as growers reduced plant food purchases and planted fewer corn acres. On the flip side, we achieved record grain system, feed, diesel, gasoline and lubricant volumes.
All of our investments benefit you, our customers, and the rural communities we so passionately serve.
In August 2015, the Board of Directors approved patronage to be paid 80% cash and 20% stock. Plus, in October 2015, a $750,000 stock redemption was approved.
The balance sheet of the company is very strong. For every $1 of stock issued, we have $15 of retained earnings backing it up. The balance sheet strength gives AGRILAND FS the ability to aggressively move forward with our strategic direction of bringing more value to our customers, even during periods of transition.