BOB'S REVIEW
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Sept 22, 2015  09/22/15 12:16:05 PM

Harvest is starting to gear up.  We got in the first few loads of new crop beans last week.  We did get some in on Monday.   Looks like the majority of the bean fields won’t be ready until next week.
 
Progress continues on the grain receiving and dryer project.  Millwrights and LP should be finished this week.  The receiving and electrical buildings should be completed early next week.  Alliant still needs to bring us the new primary lines for the new transformer.  The electricians have a ways to go to get us up and receiving wet corn.  We will continue to make improvements to our facility.  The board of directors has all ready considered putting up a new wet tank in the next year or two.  We will keep you posted on this year’s project and completion date.
 
We held our annual meeting last Thursday night.  We had a pretty good year.  Local savings were $598,000 on $29,646,511 in sales.  Patronage income was $94,750.  Total net savings for fiscal year ending July 31, 2015 was $590,240.  Members will receive $.0247 cents/bu on grain purchased/sold and a return of 11.03% on merchandise and services (drying and storage).  Total patronage allocations will be just over $200k.  Unallocated savings are $390k.  We will pay 50% of the cash portion in March with the balance deferred.   Financial statements are available at the office for your review.  Thank you for your continued support and patronage of the Buckingham Cooperative. 
 
We will try and keep our harvest hours updated on the web page and at the office.  Please call if you have any questions.  The Harvest Policy has also been updated on the web page.
 
Please be safe this fall.  Get plenty of rest and eat properly.  Looks like we could be in for a long harvest.
 
Have a great week and fall harvest.
 
Bob
 
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