August-September 2008 – Newsletter

Bulk Plant – Well our new tanker truck has been running for 1 ½ months now and it has been a very good investment for the cooperative. Rodney has been doing a great job and has so far hauled over 80 loads. We have also hired a new salesman for Fuels and Lubricants. Tim Bergland has been on the job for a week as I write this letter and we look forward to having him in the field to offer you a full range of service. I will continue to do the contracting of Fuel and still will be very involved but with two people doing this no one should slip through the cracks. We plan on visiting with everyone to explain all the products that we carry. Please feel free to contact Tim or myself with any questions. Diesel Fuel has started to come down and I would highly recommend that you start thinking of filling those tanks. Diesel has dropped nearly 60 cents in the last month. We also want you to keep in mind our offer of a free bulk oil system if you purchase your oil from us. We will beat or match any oil price in the area if it meets our specs. Remember Cenex has the best warranty package in the industry.

Stations – More changes coming for the stations also- 1. Goodridge – We should be getting our new canopy shortly as this has been a long drawn out process. Also we have hired a new manager for the Goodridge station and we hope to have him on site in October sometime. We are also in the process of getting set up to sell hunting and fishing licenses in Goodridge. 2. 3^rd Street Station – We should be getting our new price sign sometime in September – We also will be adding a new line of premium tools and also plan on having a corner of the store dedicated to sporting goods. These are a couple of suggestions we have received and will follow through on. 8^th Street – The station is now being remodeled on the outside and this should help the appearance a great deal. Our plans are still moving forward to double the size of the store inside and to offer some sort of food service.

Fertilizer- The crop is just starting to come off and from all indications it should be very good. A reminder to have Mishawn walk your soybean fields for pests and spray as needed. We have to good a crop to let pests eat into your yield. With fall also comes soil sampling – it is very important to have your fields tested with the high price of fertilizer – check with Bob on this. We are also offering very good terms on fall applied fertilizer and all indications are that you will be money ahead by putting your nutrients down this fall. Please stop by and see Mishawn for the details. We are also in the process of looking to add 400 tons of storage at the Goodridge plant – this would enable us to offer even better pricing for our patrons. We also look to add a new tender truck and a seed tender in the coming year. If you would like to see us offer other services please let us know.

Our Annual meeting will be held in Mid-November and dividend checks will be issued at that time. We will pay back 6.2% of your purchases which is the highest rate ever. Thank You - Scott