NEW Directions March 2017 : Page 2

In our December newsletter, statistics and highlights from a record-breaking harvest year were reviewed, and we touched on the continued challenges we face with storage capacity needs across the company. The record harvest NEW Cooperative experienced this past fall resulted in the most corn we have had to store on the ground in many years. Your Board of Directors has been aggressively working with management to address these storage capacity issues, and the projects that have been approved for this year will add that much needed space. The recent mild February weather has certainly been a nice surprise. This break from winter has allowed NEW Cooperative to get a substantial head start on several of the planned construction projects listed on the next page, most of which will be in place by fall. Our customers have shown outstanding support over the years, and business at each of these locations continues to expand and outgrow storage capacities. NEW Cooperative’s feed business continues to grow. The new Pellet Feed Mill in Pomeroy is up and running. It is expected to produce 400,000 tons of feed annually. As was also mentioned in our December newsletter, construction was approved for a new Pelleting Feed Mill at Rowan. A twin design to Pomeroy, this facility is on schedule with concrete work currently underway, and should be ready to produce feed in 18 months. These two new local markets will provide demand for 17 million bushels of corn and generate consistent earnings flowing back to the bottom line of your cooperative for years to come. NEW Cooperative’s earnings are directed towards solidifying a strong balance sheet, building and improving facilities for your use, and returning those earnings back to our members through patronage and dividends. All of the facility improvements currently underway are a direct result of the local earnings your cooperative generates. These improvements are designed to continually address changing market dynamics, and customer needs and expectations of NEW Cooperative. Your Board, team members, and management are proud of this company. We are a company built on production agriculture, and designed around customer service and community involvement. We strive to be the agronomy retailer and grain marketing company you can rely on 365 days a year. We stay open on weekends when the rush is in full-swing. We buy your grain everyday the market is open, and we strive to keep things moving quickly so you don’t have to wait in lines. We make a point to walk your fields and provide you with the technical advice you need. Each day, we hope that the value you receive from the facilities your company provides, the people who run them, and the patronage you receive for doing business with NEW Cooperative, all combine to truly be the best answer for your farm business needs. Thank you for supporting your cooperative, and have a safe planting season! DAN DIX | General Manager NEW DIRECTIONS —Each day, we hope that the value you receive from the facilities your company provides, the people who run them, and the patronage you receive for doing business with COOPERATIVE , all combine to truly be the best answer for your farm business needs. NEW { 2 } MARCH 2017

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