From the Manager's Desk

Aug 05, 2022


Tractor Pull

August Update

Although some of our business units at Premier Cooperative such as livestock nutrition, auto & truck repair, and other retail outlets have a more consistent level of year-round sales volume, others such as agronomy, grain, and propane have greater periods of peak demand. As we move into the later part of summer, with the propane heating season and agronomy spring planting now in the rearview mirror, we start to see the light at the end of the tunnel for our fiscal year. While we continue to work through labor challenges, supply chain disruptions, inflationary pressure, geopolitical factors, and market volatility, your cooperative remains on pace to exceed total revenues and net income over the last fiscal year. We look forward to sharing the complete results following our September year-end.

About a year ago we were in the final stages of planning and design for a new dry fertilizer warehouse at our Lancaster Ag Center. Today we have begun receiving product and are now preparing to move operations from our existing 50+ year-old warehouse to the new state of the art facility. The building design and equipment for the new warehouse was carefully planned with safety, speed, and space as top priorities. With approximately four times the storage capacity of the existing warehouse, and capabilities for receiving, blending, and loadout over 200 tons per hour (compared to about 50 tons per hour from the old warehouse), the automation and accuracy of the new plant will require less labor and allow our staff to serve more acres during peak demand. Our team is proud of this new addition and excited to put it to good use serving our producer members across Grant County and beyond. 

On July 29th we hosted the 11th Annual River Rumble tractor and truck pull at Lion’s Park in Mazomanie. Once again, the stands were packed with over 2500 fans of all ages cheering on their favorite pullers. From parking attendants, ticket takers, track graders, pit crew directors and many more, putting on an event like this is no small task. I would like to thank our amazing employee team, volunteer groups, sponsors, and everyone else that chipped in to help make this another successful event.  

With only two months left in our fiscal year, I’d like to thank all of you again for your support. We have a great group of highly trained and dedicated staff to help you in all areas of our company. Our board of directors work hard to provide the vision and tools our team needs to serve you. We will continue to strive to exceed your expectations and we appreciate your feedback in helping us stay ahead of your needs. We will continue to look for new ways to add efficiencies to what we are currently doing and will continue to explore ventures, partnerships and other growth opportunities that can enhance our value to you. As with anything that is constantly moving and adapting, we will run into bumps along the way, but if we all work together (board, employees, and owners/members) we will continue to build the company you will be proud to be owners of and our employees will be proud to be a part of. 


Matt Severson

CEO

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