From the Manager's Desk

May 03, 2023

Memorial Day

May 2023 Update

As I write this the last week of April, we still have a couple of nights of sub-freezing temperatures to deal with, but that doesn’t seem to be slowing down our agronomy locations that are now entering their busiest time of the year. Long days and short nights can be the norm this time of year for our agronomy division and our producer members as they work to get this year’s crop in the ground. This is a great reminder to please pay special attention over the next couple of months to farm machinery pulling in and out of the fields and wide loads coming around the next corner or over the next hill. Whether you are in your car on your way to work, or in the tractor moving to the next field, never assume the other person sees you. Slow down and be extra careful. 

In the coming weeks, we will begin the process of preparing our annual patronage and equity distributions back to our customers. As a cooperative, our customers are our owners. Instead of profits going to shareholders and investors from Wall Street, our shareholders are our friends and neighbors right here where we all live and work. Whether you are feeding your herd, growing crops, heating your home, maintaining a fleet, or topping off your gas tank and shopping at our hardware stores, all share in the benefits of the products and services that Premier Cooperative provides and the profit it generates. This year we will be returning over $5 million in cash to our members based on our fiscal 2022 results. Eligible members could receive up to 3.2% of their 2022 purchases back in cash patronage and equity redemptions. 

We will kick off patronage distribution this year with an open house on June 3 at our Mt Horeb Do it Best store. The following week, checks will be available at our LaFarge Service Center open house on Wednesday, June 7, and then again at our Westby Ace Hardware on Friday, June 9. Following the last open house, any remaining checks will be mailed throughout the remainder of June. Please see more details on the open house events later in this newsletter.

Soon our propane division will begin compiling contracting options for the next heating season. In June they will begin mailing out contracts to over 12,000 of our propane members that purchased at least an average of 400 gallons or more during the last two heating seasons. While some of our business units may not be easily accessible to all members, propane is the one division that can reach everyone reading this update. If you use propane to heat your home, business or power your vehicle and are not currently purchasing it through Premier, please consider making the change. We would love the opportunity to earn your business and show you why we consistently rank as one of the top propane companies in the country. As an added benefit, since you are already a member of Premier, a cooperative that you own, all purchases count towards your share of the annual patronage distribution I mentioned above. 

I’d like to wish all moms out there a Happy Mother’s Day on May 14. If you are still looking for something for that special mom or grandma, stop by either our Mount Horeb Do it Best or Westby Ace stores and pick up a beautiful floral hanging basket. 

With Memorial Day later this month, I hope everyone has a chance to honor the brave men and women who have sacrificed their lives to protect all of us and this great country. Have a wonderful May.

Matt Severson


Read More News

Dec 04, 2023
I hope you had a great November. If you’re a veteran, I hope you had a good Veterans Day and were able to phone an old buddy. For the deer hunters out there, I also hope you were successful. I was unable to bag the thirty pointer with my combination AK 57 Uzi radar laser triple-barrel double-scoped heat seeking shotgun. Maybe next year.
Dec 04, 2023
There are many concerns on cost of feed as it is one of the highest input costs in raising livestock.  Many times, we look at cost per head per day to evaluate the cost versus the return on investment in evaluating feed program decisions. Typically, this comes down to the cost per ton on a purchased feed being used to supplement other on farm stored feed. This is a business practice to execute since it has a direct impact on out-of-pocket costs and cash flow. I want to point out other ways to help overall profitability that I know the astute farm managers already are implementing on their farms. How you store and manage forages for farms with ruminants can have a large impact on feed used versus feed wasted. Here  are the points to examine.
Dec 04, 2023

We have completed our annual financial audit and I’m very pleased to report that your cooperative had another solid year in 2023. With highlights including consistent year over year growth from our feed division to lead our company in total sales to our energy team rebounding with the largest improvement to net income over the prior year, each division completed the year with strong sales and positive earnings. Premier will report our fiscal 2023 local net savings of $15 million and total revenues of just over $308 million will exceed previous records. Based on the strong 2023 results, and those of many prior years, we anticipate returning approximately $6 million in cash back to our members in the spring of 2024.