NEW Directions February 2013 : Page 1

FEBRUARY 2013 LOCATIONS Badger Barnum Blairsburg Bode Clare Duncombe Fort Dodge Glidden Humboldt Knierim Knoke Lanesboro Lanyon Lidderdale Lohrville LuVerne MAPS Otho Palmer Pomeroy Rands Roelyn Vincent Woolstock TM Recently, many of you received the regional dividend payments for 1998. The total we paid out to our members was $1,537,939. This is approximately double the amount paid out in the last regional dividend payment. It is also impressive to note that with this regional dividend payout, NEW Cooperative has paid $ 8,114,275 million back to members since September 1, 2012. This is an increase of about 24% over the same period last year. Thank You to all of our members and customers. Without your loyal support and patronage, NEW Cooperative wouldn’t be able to achieve this level of financial results. We are proud to be your cooperative and look forward to serving you again this crop year! YOUR PARTNER 515-545-3145 515-542-3221 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 515-879-2711 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 With the end of February marking the halfway point of fiscal year 2013, I want to update our members on the financial position of NEW Cooperative to date. Currently, our earnings are on track to meet the budget and goals set for FY2013, and are actually better than we had anticipated they would be with the smaller By Brent Bunte crop size last fall. Grain volume, while down from last year, was not nearly as low as we had thought it would be. And due to your support and patronage to NEW Cooperative, we have seen record fall agronomy volumes. This year, we are once again pleased to be reinvesting a large amount of capital back into our facilities to improve functionality and services. While we are not investing as much as the record amount reinvested last year, we believe we will still see a significant amount of improvement to the efficiency of our facilities. More detailed information of this year’s major capital asset improvements will be presented in our Grain Manager, Mark Walter’s article inside this issue. IN THE FIELD BUILDING ON ANOTHER SUCCESSFUL YEAR

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