Monte Vista Coop

Monday, June 17, 2013

Board President's Report

     First and foremost, I would like to thank you, the patrons of the Monte Vista Coop.  The Coop had one of the best years it has had financially.  All of that was possible by you doing business with your company, the Coop.  The great benefit of this is that the Coop will pay back to the members over $650,000.00 in patronage and equity retirement.
     Along the same lines, my hat goes off to the administration and the staff for all of their hard work and dedication.  They did a great job of keeping expenses down and really watching the bottom line.  Also, I would like to thank all of the employees for their hard work.  This company can't work without you.
     Mike Boothe has done a great job stepping into his new role as General Manager.  I would like to commend him for a job well done.  I look forward to the years to come with Mike and the things that he will bring to the table. 
     As this drought continues, the board has been looking down the road for the past year at how we can be of better service to our members.  This has been an interesting time that we are facing, to say the least.  The Coop is facing challenges because of the drought just like every farmer.  Last year with the loss of planted acres, our fertilizer tonnage was down.  Our grain department took a big hit with very few grain bushels available for purchase and sale.  We are constantly trying to figure out ways to help you.  If there are ways that we can better serve you, please let us know.  We are always bringing in new products and services to better suit your needs.  Please talk to the employees of the Monte Vista Coop about what might be available.  I would challenge you to always look to and come to the Coop first when you need products and services.
     Again, thank you for your dedication and patronage to your company, the Monte Vista Coop.

Nate Burkhart, Board President

Thursday, June 6, 2013

MVC Annual Audit Report

The MVC's annual audit has just been completed and I am pleased to report that this was one of the best years we have had.  I would like to take this time to thank all of the employees and staff of the Monte Vista Coop, for they are the ones that work hard at serving you, the customer, as well as helping to keep expenses down.  I would also like to thank the board of directors for their support.  This has been a great year for the Monte Vista Coop.  I would also like to thank the members for your support this past year and hope to continue to earn that support in the future. 

Total sales this year were actually down some compared to last year but our total income was up.

The employee expense was down by $114,000.00; with fixed expenses being up by $20,000.00 (this includes the property taxes, insurance and bonds.)  Interest expense was down by $58,000.00 but depreciation was up some.  All other expenses were about the same as last year.

Net savings after income taxes were $2,508,404.00 compared to last year's $1,791,666.00  We are planning to return over $650,000.00 in cash to our members this year in patronage and equity retirements.

The Monte Vista Coop can continue to prosper when you, as members, continue to support your company.  The ANNUAL MEETING will be June 13, 2013 at Ski Hi Park in Monte Vista.  Please plan on attending.  You will be voting on two positions for board of directors.  Incumbents Nate Berkhart and Sherry Haugen have chosen to run for the board for another 3 year term.  Also running are Segundo Diaz and Kent Palmgren. 

Thank you for supporting and believing in your Monte Vista Coop.

Community Committed, Agriculturally Driven.

Mike Boothe, General Manager