By Pete Schmitz, General Manager
October is Coop Month, an opportunity to appreciate the unique cooperative way of doing business. Over the years, I’ve thought a lot about the things that make a cooperative different. One of those things is the difference between a customer and a cooperative patron.
I often use customer and patron synonymously, but there is a difference between the two. Customers and patrons alike are great for our business and we love serving both. A patron, however, understands he or she owns a piece of the cooperative, and that they share in the profits of the cooperative.
As an owner of the business, the patron also knows that they have risk, but that risk is shared with many others, reducing their ownership liability. The patron owner also understands that a board of directors represents them and their interest in the cooperative. Finally, the patron understands the cooperative was formed in the community it serves and supports its community with employment opportunities, products and services that may not have been provided had the cooperative not existed.
Thank you to all our customers and I hope you strive to be an active patron in our cooperative called FCA. One great way to do that is to attend our annual meeting. The 88th FCA annual meeting is scheduled for Tuesday, November 20, in the Porter Hall in Porter, Minnesota. Supper will be served at 6:30 p.m. with the meeting to follow at approximately 7:30 p.m.
Here’s a quick update on the unification study that has been taking place between Lyon County Farm Service of Ghent, Prairie Pride of Marshall and FCA.
Over the last four weeks, due diligence teams have been formed consisting of members of all three cooperatives. Teams have been formed for agronomy, energy, accounting/HR, safety, TBA automotive repair, information technology and legal. Each team is composed of one to three members of each cooperative.
The teams discuss and inspect processes and procedures involved in operating the individual departments of each cooperative. They will summarize both the synergies and liabilities discovered in their research and report as a team back to the joint boards. Once they have reviewed the reports, the individual boards will make their decision regarding the merger. We will keep you informed.
Again, thank you to all our customers—you are greatly appreciated. We’ll see you at the Annual Meeting. Have a safe harvest and we wish you all a Happy Thanksgiving!
Update your browser to view this website correctly. Update my browser now