"Solid Preformance and Returning Cash to Member Owners" 

  Patronage Allocation Factors

	6/30/2010	6/30/2009	6/30/2008	6/30/2007	6/30/2006
Corn	.0700 per bu.	.1021	.0749	.0498	.0282
Soybeans	.1662 per bu.	.1516	.0855	.0519	.0338
Grain Services	.1722 % of $	.2883	.2079	.2228	.1700
Small Grains	.1157 per bu.	.2143	.0478	.0594
Feed & Services	.0648 % of $	.0720	.0483	.0659
Agron & Services	.0499 % of $	.0531	.0563	.0656
Petro Services	.1104 % of $	.1191	.0871	.1167
Gas & Fuels	.0497 per gal.	.0511	.0483	.0602
LP Gas	.0538 per gal.	.1076	.0977	.0913
Ag Sply & Services					.0430 %

 

               Dividends                                                              Earnings
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
In 2007 GPC paid out 50% in cash totaling  $1,298,770      2007 local earnings $4,080,810
In 2006 GPC paid out 50% in cash totaling  $  796,920      2006 local earnings $2,403,110


                    5 yr. total cash dividends  $ 10,080,918
  
              Retirements                                            Total Cash Paid Out
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
In 2007 GPC paid out $222,830 in retirements     2007  $1,521,600
In 2006 GPC paid out $261,710 in retirements     2006  $1,058,630


5 year total retirements  $1,462,831     5 yr. Total Cash Pd Out  $11,543,749  

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.