May Open House Events Postponed
Apr 10, 2020
Due to the current concerns over Covid-19 and for the wellbeing of our staff, customers, and the communities, we have made the difficult decision to postpone the open house events scheduled for early May for Mt Horeb, Westby, and La Farge. Since we typically have patronage and equity redemption checks available to pick up at the open houses, this year we will be mailing them out. Our goal is to start mailing out patronage refunds and equity redemptions by age by mid-May.
Please watch our website and future newsletters for updates on the rescheduling for the open houses at the Mt Horeb Do it Best, Westby ACE, and La Farge AutoCenter.
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.