NEW Directions SEPTEMBER 2016 : Page 1

YOUR P ARTNER field MEETING WITH THE MANAGER by Dan Dix in the SEPTEMBER 2016 It’s been a busy summer around NEW Cooperative. Locations have spent the last two months getting positioned for what appears to be another large crop on the heels of last year’s record harvest. As you have probably found, this year has certainly been a challenge marketing this huge crop. Our continued emphasis on creating our own demand through our feed mills, coupled with our shuttle-train loading capabilities, has been a God-send this year. It would have been a very costly year, if not for your Board’s leadership over the last fi fteen years, to prepare and position your cooperative in anticipation of crop years such as the one we just fi nished up. Grain and agronomy construction projects are wrapping up now, just in time for the fall harvest and fertilizer season to begin. These projects are the result of a record year of capital expenditures approved by your Board this past fi scal year. These large projects, such as feed mills and fertilizer terminals, can take over a year to study, and up to two years to construct. Timing can mean everything! That’s why one un-noticed integral part of every project at NEW is our maintenance department, made up of twelve dedicated and talented people. These millwrights, electricians, and general construction employees ensure that projects are done right and give NEW the ability to tailor projects speci fi cally to our needs and deadlines. Our facilities today are controlled by computer systems and electronics that only a few years ago were not even available. Having an in-house staff to bring these dreams to reality is greatly appreciated by all at NEW. This past month, your Board approved the payout of 100% of the 2007 and 2008 local Regional Deferred Equity. These checks will be mailed out in September and the taxes have been paid on this money. Regional cooperatives had a good year this past season. With the current downturn in the Ag economy, the Board felt the timing would be good to revolve two years at one time and get your patronage dividends back into your hands. As always, we truly appreciate your patronage and support of your cooperative. Have a safe harvest season! MAIN OFFICE 2626 1st Avenue South P.O. Box 818 Fort Dodge, IA 50501 515-955-2040

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