NEW Directions February 2012 : Page 1

FEBRUARY 2012 TM LOCATIONS Badger Blairsburg Bode Clare Duncombe Fort Dodge Glidden Humboldt Knierim Knoke Lanesboro Lidderdale Lohrville LuVerne MAPS Otho Palmer Pomeroy Rands Roelyn Vincent Woolstock Continued on Page 4 YOUR PARTNER 515-545-3145 515-325-6252 515-379-1754 515-546-4265 515-543-4245 515-955-2040 712-659-2227 515-332-3374 515-463-2331 712-468-2893 712-656-2225 712-822-5211 712-465-3145 515-882-3221 515-955-9030 515-972-4471 712-359-2294 712-468-2222 712-297-7579 515-549-3316 515-356-4185 515-839-5531 MEETING WITH THE MANAGER GROWING YOUR COOPERATIVE As we are reaching fi ve months into the fi scal 2012 year, I am pleased to share with you that we are on track toward our budgeted earnings and our working capital continues to grow. The fi nancial strength we are able to maintain is due to the sup-port you extend to your cooperative. With an out-standing fall and great weather leading into winter, a By Brent Bunte tremendous amount of acres were able to be applied in 2011. In addition to being thankful for the great weather we experienced, it is also important that we extend our thanks to you, the member owner, for utilizing the products and services pro-vided by your cooperative, and to the employees that supply them at the high quality you have come to expect. This support of NEW Coop-erative leads to many returns to you as well, including the dividends you are able to see returned to you through membership. The Board of Directors have recently approved to pay out the 1997 Regional Deferred Dividends, which total $765,000. I never hesitate to inform you of the fi nancial growth of your coop-erative, but I also feel it is important to communicate the importance of growth at NEW Cooperative, and what it means in order to add value to your farming operation. NEW Cooperative has the ability to grow in three ways. First, through mergers or acquisitions, we have the ability to grow geographi-cally. We are also able to grow through an increase in market share in and around our service area. The fi nal growth opportunity for a coop-erative is through increased services and product offerings. All three of these areas are important in order to see the successful growth of a cooperative. What may be even more important to express to you, however, would be to answer the question, “why?”. Why is it important to you and our membership that NEW Cooperative continue to grow? We have continued to invest a signi fi cant amount of capital back into our facilities and operations, and because of this have been able to provide a level of service we feel our members should expect from their cooperative. As costs continue to increase and the need to reinvest back into the cooperative remains a priority, we must be able to maintain IN THE FIELD

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