From the Manager's Desk

Feb 03, 2022


2022 Scholarship Winners

February Update

As I write this on January 28th, the last couple days have been a wild ride with temperatures. From 25 below to a sunny 35 above, and back to sub zero in less than 48 hours. The deep freeze, thaw and then refreeze is sure to bring a bit of a challenge to sidewalks, driveways, and farmyards. To help keep you and your family safe from slips, falls, bumps and bruises, or avoid driveway slide offs, stop by either our Mt Horeb Do it Best or Westby ACE and stock up on ice melt while supplies last. Thanks to those of you who continue to call in your propane, fuel oil, lumber and feed deliveries early so our drivers can navigate some of these challenging conditions during the daylight and get home safely before night. 

On January 26th, about 125 members attended Premier’s 129th annual meeting at WI Riverside Resort in Spring Green, WI. After taking last year off from the in-person meeting due to COVID, it was great to see such a nice turnout for this year’s meeting. Prior to lunch, CFO Andy Jones presented our financial report. Your cooperative’s 2021 sales were about $226 million, and after-tax earnings were $9.9 million. This year’s results were supported by strong volumes and earnings in our energy division, hardware/lumber locations, convenience stores, and automotive centers, while our feed and agronomy divisions each recorded solid growth in tons and bottom-line performance. During 2021, Premier returned $4.3 million in cash to its members in patronage and equity redemptions. Premier’s balance sheet remains rock solid. Following the financial report, Quality Assurance and Communications Manager Allison Jensen presented this year’s scholarship recipients. Twenty-two students, representing sixteen different school districts each received $500 scholarships this year.

Board Chairman Steve Burns acknowledged former CEO and current Senior Consultant Andy Fiene’s past service to the company as part of his chairman’s report and awarded Fiene with a plaque recognizing 33 years of ongoing commitment to Premier Cooperative. Steve thanked the employee team for their hard work and commitment to the cooperative and its members. As part of my manager’s report, I provided the members with an update from each of our divisions and commented on how our past performance has set our cooperative up for future growth. I went on to update the members on a few of our recently completed projects and larger investments currently underway, such as our Lancaster fertilizer warehouse and the Mineral Point feed expansion. After the meeting adjourned, we awarded two lucky members with $500 gift certificates to their choice of either our Do it Best or ACE stores.  

For those of you gearing up for a spring planting season, if you haven’t already set up your plans be sure to contact one of our highly trained agronomists to help maximize your yields and profits. If you’ve followed our newsletter articles for months or years and wondered what kind of planning and execution goes into getting a corn and soybean crop planted in Wisconsin, you may make a great seasonal employee. We offer flexible days and hours during April, May and June. If interested in helping your neighbors and cooperative staff feed the world, please reach out to your nearest agronomy location or contact careers@premiercooperative.com. For other career opportunities at Premier, visit our website.

Thank you for your continued support of Premier Cooperative and its staff. Don’t forget your Valentine this month. Premier gift cards make an excellent gift for that special someone.

Matt Severson

CEO

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