Co-op News > From the Manager's Desk

From the Manager's Desk

Dec 01, 2021

Merry Christmas

December Update

In November we held our annual audit and I’m pleased to report that your cooperative had another solid year in 2021. With overall sales at $226 million, led with solid increases in our feed and agronomy divisions, your company was able to post bottom line performance just off the record highs we saw in 2020. While the mild start to last winter impacted the service revenue in our grain department and sales in our propane division, it also allowed our agronomy division to get more product on the fields before winter and helped set the table for a successful 2021 fiscal year. The feed division and Do it Best Hardware and Lumber, as well as ACE Hardware, each saw significant gains again this past year. Convenience stores and auto shops continue to rebound strong from the Covid shut down and grow sales and bottom-line contribution. As a result of this performance, the cash patronage to be returned this next spring will represent about 1.6% of our members’ purchases and total over $2.3 million. Altogether, over the past 10 years, your cooperative has returned over $32 million in cash back to our member-customers! Congratulations to all of you as the members/owners of one of the top performing farm and consumer supply cooperatives in the country. On behalf of the employee team and board of directors, thank you for the tremendous support that has made this possible.

December will be very busy at your cooperative as propane deliveries ramp up, grain harvest wraps up, feed inbound and outbound loads battle the elements, agronomy finishes fall fertilizer applications and prepares prepay programs and 2022 crop planning, the auto/tire shops change out record numbers of new tires, and the retail stores help last minute shoppers and travelers with their needs. We will also see the new fertilizer warehouse project in Lancaster move from the planning stages to construction. With concrete scheduled to be poured the first week in December, we are expecting to see this project really take shape before the next update. The Mineral Point mill continues to refine the plans for their expansion project to separate the calf feed manufacturing from the existing mill/warehouse. This will free up additional manufacturing capacity for both calf and other feed mixes, allowing our feed team to continue to build upon the excellent growth we’ve experienced at both our Mineral Point and Westby facilities.     

The investments above, and others in the works, will help Premier continue to grow and deliver industry leading products and solutions to our members in an efficient manner. From animal agriculture, crop production, grain services, energy solutions for the home/farm/business, hardware and lumber, auto and other retail services, the cooperative’s employee team has an incredible passion to serve their members. We will continue to look for improvements to the products and services we currently provide and search out new opportunities for the future. 

Thanks to all of you who called in feed, propane, and other deliveries early so that our employee team could also enjoy the Thanksgiving holiday with their families. With Christmas and New Year just around the corner our staff will once again appreciate your help and support as we work to get the same amount of work done with fewer days. With your cooperation, we can do it. If you are still looking for a gift for the hard to buy for person, our hardware stores (Do it Best in Mt Horeb and ACE in Westby) are stocked with great gift ideas. Who wouldn’t want a new battery powered Milwaukee nail gun, a two-stage snow thrower, or new chainsaw? And if you just can’t decide, there are always gift cards or prepaid Cenex fuel cards from our convenience stores for the last-minute shoppers.

Thank you for the continued support. Have a Merry Christmas and a very Happy New Year!

Matt Severson

CEO


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