In honor of National FFA week February 17th-24th, we have awarded several grants to local FFA chapters in partnership with Land O'Lakes and CoBank. We are proud to support these chapters and the young men and women that have an interest in agriculture. It is a small way that we can give back to the communities that support Midwest Farmers Cooperative and a way to support the future of agriculture. Look for some updates each day next week here on our website as well as on Facebook and Twitter.
On January 23rd, Midwest Farmers Cooperative held its 96th annual meeting at the Cass County Fairgrounds. The business meeting included a review of the 2017 financial report by the auditors, Gardiner-Thomsen, as well as an update from the Nebraska Cooperative Council. The election results for the board of directors were also announced. Neil Stedman, Duane Bremer, David Stubbendick and David Wendt were re-elected to the Board of Directors of Midwest Farmers Cooperative.
We take seriously the trust you place in us to serve on the board of directors of your cooperative. We are also honored to be stewards of your cooperative. Just as the farming economy has changed in the past 5-7 years, your cooperative has had to change as well. The increased grain capacity and rail access we have invested in recently will ensure we have a strong future. However, we also have to make tough decisions that are in the best interest of your cooperative, just like farmers are having to make some tough decisions. These are not decisions we take lightly. Nor do we think they will all be popular decisions. But we agree that they are necessary to continue to provide you with competitive prices, superior service and sound advice. In the spirit of transparency, the following changes will become effective in the first quarter of 2018:
1) We will be closing our Greenwood Service Station for repair and service work on January 31st. We will continue to sell gas and diesel at our pumps with the cardtrol system and the car wash will remain open. Over the years, the service business has fallen to a level that it makes financial sense to close and reduce some costs. Utilization of services by our members has been low in recent years. We will work with the local members to find alternative solutions when their needs arise.
2) We will make our Eagle location seasonal effective January 31st. The location will be staffed for grain harvest and chemical application, but will not have personnel at the site in the off-season. Last year, we did less than $5,000 of business in the off-season in Eagle. We will be able to utilize the staff at Eagle in the off-season in a much more efficient manner.
3)We will also make our Cook location seasonal effective January 31st. The location will be staffed for grain harvest and chemical/fertilizer application, but will not have a full time staff at the site in the off-season. With the newer facilities in Tecumseh and Syracuse, we have seen grain and agronomy numbers fall over the past few years in Cook. We do have a bagged feed presence in Cook and we will be working with those customers on alternative places to pick up the feed in Tecumseh or Syracuse.
This is the best direction for your cooperative as we believe we are at a critical time to be the architects of the future. We need to have the courage to do what needs to be done, not simply what we like to do. We ask for your cooperation as we transition the above assets and we will work to make the transition as smooth as possible.
The 2018 MFC Scholarship is now available. Click here for the application. If you would like to see previous award winners, click here.
Winfield United also has a scholarship available. You can find information on it on there website here. The application can also be found here.
We are pleased to announce that Midwest Farmers Cooperative and the Land O'Lakes Foundation made a contribution of $4,000 to the Food Bank of Lincoln to support several of their Rural Southeast Nebraska BackPack programs. This donation will provide more than 500 backpacks of food this school year. See the picture here.
We received our first unit train. See pictures here.
We are accepting CFA (The Cooperative Finance Association) loan applications. Click here for more detail.
Please check the MFC NEWS page for aditional news.
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