The Farmers Co-op Elevator had another good year and is in strong financial condition, members were told Thursday at the 59th annual meeting in the Mallet Event Center.
Members came away from the meeting feeling good after being fed by Jeanaís Feedbag, winning dozens of door prizes and receiving dividend and equity checks totaling $1.6 million.
The checks were made possible as a result of strong volumes of wheat, corn and grain sorghum being handled and sold by the elevator and farmers buying fuel, seed, chemicals and tires through the cooperative.
As a result of it solid financial condition, the cooperative has invested $2 million improving facilities to better handle the 2015 and future crops.
Assets are now valued at $16 million with nearly $2 million of those assets being cash on deposit.