"Solid Preformance and Returning Cash to Member Owners" 





 

 

 Patronage Allocation Factors

               Dividends                                                              Earnings
In 2012 GPC paid out 75% in cash totaling $4,186,553        2012 local earnings    $7,150,094
In 2011 GPC paid out 75% in cash totaling  $3,378,294         2011 local earnings  $6,512,889
In 2010 GPC paid out 75% in cash totaling  $2,830,244         2010 local earnings  $6,475,531
In 2009 GPC paid out 75% in cash totaling $3,652,418         2009 local earnings  $7,278,801
In 2008 GPC paid out 50% in cash totaling  $1,502,566        2008 local earnings $4,827,051



                    5 yr. total cash dividends  $ 15,535,780


  
              Retirements @ age 74                        Total Cash Paid Out
In 2012 GPC will pay out $528,337 in retirements   2012  $4,714,890 
In 2011 GPC paid out $425,134 in retirements       2011  $3,803,428
In 2010 GPC paid out $221,073 in retirements       2010  $3,051,317
In 2009 GPC paid out $413,176 in retirements       2009  $4,065,594
In 2008 GPC paid out $344,042 in retirements       2008  $1,846,608



5 year total retirements  $1,931,762     5 yr. Total Cash Pd Out  $17,467,542  

If you need to go beyond Glacial Plains normal credit terms (net due by the 15th of the next month) you'll need to arrange financing.  Our bankers and board recognize the financial risk exposure we are exposed to when we have 2000 plus open accounts that are totally unsecured.  In these volitile times we need to do a better job of protecting your cooperative.  Talk to Joel James at the AgroEnergy Center in Benson for details. 

We now have the ability to offer demand notes to our member owners.  This allows us to pay a very competitive rate of interest on two year and demand notes.  Our customers get a better rate of interest on short term money and Glacial Plains saves on interest costs.  Also, for our grain customers, remember our deferred payment programs, where you can defer grain payments. This program pays you an additional amount for your grain based on how long you wait to take payment.  Be sure to ask our staff prior to having the check written.  
 
 To get Glacial Plains cash grain bids and energy futures updates on your cell phone give myself, Doug or Craig a call in Murdock.  (875-2811)