CASH BACK
Central Farmers Cooperative, located in Canova, Dimock, Freeman, Lyons, Marion, Montrose and Salem, is pleased to announce another round of patronage refunds and equity retirement!

CFC's financial performance in fiscal year 2011 reflects another very successful year that your cooperative achieved in a competitive agribusiness environment. As in the past, CFC's on-going success for the future continues to be measured by the continuing support of our cooperative members.

We are pleased to report that the Board of Directors has declared patronage refunds of $2,423,301 for fiscal year 2011, of which $848,155 will be refunded in cash and $1,575,146 will be in allocated equities. In addition to the $2,423,301 in patronage refunds, the Board of Directors authorized the redemption of $3,335,787.19 of allocated equities in a cash payment. This CASH redemption includes the equities of any patron turning age 70 in 2011 and, in addition, the redemption of all outstanding equities allocated prior to 1997.

The combination of $848,155 in cash patronage with the $3,335,787.19 in equity redemptions represents a total of $4,183,942.19 in CASH PAYMENTS to CFC members! These checks will be issued by the end of January 2012.

A solid balance sheet with good local earnings and cash flow from local operations makes this redemption possible while allowing your cooperative to continue re-investing in assets to better serve our patrons.

CFC looks forward to serving the needs of our patrons for years to come.

2012 Bean DP Storage Policy
2012 Winter Wheat Policy
2012 Corn Storage Policy
Corn Moisture Program

Below are pictures from 12/28/11 & 12/29/11 of the concrete being poured at our new elevator in Lyons, SD.

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We now have an office located in Lyons 605-543-5400 or toll free 888-223-1215. Please see the below Lyons link for pictures of progress and other important information. 

We are excited to announce the construction has begun on the New Grain Terminal located near Lyons, SD. A new menu item has been added to our website to help customers easily navigate to access the most up-to-date information regarding progress of the new facility. Pictures are now available!!!
Click HERE to be taken directly to the Lyons Webpage!

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Fremar LLC will NOT accept any treated soybeans at any of our facilities in grain deliveries. 

 

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Rainbow over CFC Marion: Compliments of the Schmidt Family
 

Click Here to Listen to our Radio Spot.
Listen for us on WNAX, 570am!
Find out the latest happenings at Central Farmers by listening for
our radio spots, featuring customer and employee interviews.  

 

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FREMAR, LLC, acting as an Agent for NuGen Energy, LLC, is procuring corn for the Marion Ethanol plant, owned by NuGen Energy, LLC, a licensed and bonded South Dakota Grain buyer. 

Please click here to get to the NuGen website for current and deferred corn bids. 

Mission Accomplished!
On November 1, 2011, Central Farmers Cooperative (CFC) sold its 51% ownership in NuGen Energy, LLC to REX American Resources Corp (REX).
CFC's goal when we bought the ethanol plant back 2.5 years ago after the VeraSun bankruptcy, was to get the plant up and running and restore stability to its operations.
We accomplished that goal with the dedication and resources of CFC, and then furthered our cause with the renewed partnership with REX 1.5 years ago when REX made an equity investment in NuGen.
REX is no stranger to CFC and NuGen. REX was the single largest investor in Millennium Ethanol, LLC and has owned 49% of NuGen for the last 1.5 years. REX is committed to the renewable fuel industry, and more importantly, NuGen will be the cornerstone of REX's investments in the ethanol industry.
We are confident that NuGen is now on firm ground and are handing off the reins to REX as CFC focuses further on developing its core business of agronomy, energy, feed and grain.
The transfer to REX will be seamless with zero interruptions in service. All management and plant employees are remaining in place, and CFC will still be acting as an agent for NuGen in procuring all of the corn for the plant; nothing will change in how you sell, deliver and settle for grain sold/delivered to NuGen.
CFC's goal when we started Millennium Ethanol was to create an increased demand for our patrons' corn. That goal has been accomplished and we look forward to new opportunities as we face the future together with you.