I hope the New Year is off to a good start for you and lambing is underway or about to commence. During the past couple of years, we have come through a process of updating DLGC documents* to align them with how the Co-op is currently functioning and how it will function as we move farther into the 21st century, thanks to contributions from board members, the past manager, and legal and financial consultants. The board continues to implement changes to improve the Co-op.
The board approved the administrative fee increase to $3.50 per head, so you will notice that on your report from Superior. After the end of the 2018 marketing year, you will receive a refund of $1 per lamb delivered if you delivered more than 50 lambs and you owned the shares corresponding to the number of lambs delivered. For instance if you own 200 shares and you delivered 250 lambs, you will receive $150. This policy will give value to shares and encourage members to own a share for each lamb delivered, allowing members who no longer use their shares the opportunity to find a buyer. If you have equity shares for sale please contact Phyllis, the new office manager, so we can put you on the list. If you include the price you would like for your shares it would be appreciated by members interested in buying shares, in addition to potentially making your shares more marketable. Recent transactions have been averaging $10/share but that price is between the buyer and seller.
Based on favorable feedback from the 2017 annual meeting in Fargo, in combination with the ND & MN annual meetings, the board has agreed to combine the DLGC annual meeting with the South Dakota Sheep Growers Association Annual Convention in Brookings, SD on Saturday Sept. 29th. Please note that this will move our meeting up in the year considerably; as a result we will forgo a 2018 summer meeting. We hope there won’t be too many conflicts with harvest. The SDSGA convention includes workshops all day Friday, meetings & speakers on Saturday, in addition to receptions both evenings. The DLGC meeting is set for mid-afternoon on Saturday so mark your calendars!
We continue to work with Superior to identify additional delivery points so more members can participate. Discussion at the annual meeting focused on Eastern ND. We would appreciate suggestions. The location will most likely need a certified scale for GIPSA (The Grain Inspection, Packers and Stockyards Administration) requirements.
As always we appreciate constructive participation from members to guide board decisions and improve YOUR cooperative. By working together we can improve our industry!