Glacial Plains business philosophy is to concentrate on our local trade area. We will strive to become more competitive and offer the highest levels of service all the while maintaining profitability so that we can continue to return cash to our owners. It's your cooperative that looks to return the money from profits that result from you entrusting us with your business and it's the one thing that you won't get back from many of our competitors. Thank you for your business.
PARTNERS YOU CAN COUNT ON
"Solid Preformance and Returning Cash to Member Owners"
Patronage Allocation Factors
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)