Alerts

 

Farmers Cooperative Association (FCA) Members Vote to Approve Merger with Gold-Eagle Cooperative (GEC)

Goldfield, IA, Release: May 17, 2024.

The Boards of Directors from Farmers Coop Association (FCA) and Gold-Eagle Cooperative (GEC) are pleased to announce that FCA members have approved the merger proposal with Gold-Eagle Cooperative. The vote by FCA’s membership met Iowa’s state voting requirement for a successful cooperative merger with over 50% of their Class A members turning in ballots. The membership voted 95% in favor of the merger, well over the required two-thirds majority. Gold-Eagle will acquire the assets and liabilities of Farmers Coop Association and the merged company will operate under Gold-Eagle Cooperative effective July 1, 2024.

Gold-Eagle Coop looks forward to welcoming the members and employees of FCA into the fold and wish to thank the FCA membership for the trust placed in GEC by voting in favor of the merger. Gold Eagle Cooperative, founded in 1908 by local farmers, has grown over the last 100+ years to include grain, agronomy, energy, feed, and a partnership with the CORN, LP ethanol plant in North Central Iowa. Farmers Coop Association’s focus on quality products and customer support aligns well with Gold-Eagle’s operations. Gold-Eagle is excited to bring on FCA’s businesses and locations to streamline processes, cut costs, and better utilize resources to ultimately benefit the farmer patrons.

With the merger, Gold-Eagle’s Board of Directors will expand to include two voting directors and one associate from FCA’s board for a total of eleven directors and two associates. FCA’s General Manager, Randy Broesder, will help ease the transition in the coming weeks until he is set to retire at the end of June. Chris Boshart, General Manager at Gold-Eagle Cooperative, will oversee the combined organization.

 

Customer Appreciation Lunch Schedule:

 Thursday, May 23 Woden  
 Thursday, May 30 Wesley Market Outlook with Jason Sagebiel
 Wednesday, June 5 Corwith  
 Wednesday, June 12 Titonka Mark Zwiefel Retirement Party
 Thursday, June 20 Livermore  
 Wednesday, June 26 Renwick Market Outlook with Chad Richey
 Wednesday, July 3 Hutchins  
 Wednesday, July 10 Galbraith  
 Thursday, July 18 Galt  
 Wednesday, July 24 Goldfield  
 Wednesday, July 31 Eagle Grove Market Outlook with Kevin Riesberg
 Wednesday, August 8 Clarion  
 Tuesday, August 13 Hardy  
 Wednesday, August 21 Thor  
 Tuesday, August 27 Kanawha  

Press Release:

Gold-Eagle Cooperative to work with Land O'Lakes, Inc., Nextlink and Microsoft on broadband connectivity project.  Click here for details.

Notice:

Beginning March 1, 2023, the Gold-Eagle Coop Holmes location will be open by appointment only.

If you would like to haul grain into this facility, call  515-825-9675 at least 24 hours in advance. Please provide an estimate of bushels to be delivered, number of trucks, and approximate timeframe so we can ensure we are prepared and staffed to meet your needs. We also appreciate notice if you break down or are done for the day.  This location WILL go to full-time operation during harvest.  Thank you for your patience and understanding as we navigate this new schedule.

  

 


PROVIDING quality services & products innovatively, profitably, & professionally.

 

Download the Gold-Eagle App Today!

Market Snapshot
Quotes are delayed, as of May 19, 2024, 05:08:05 AM CDT or prior.

Commentary
Corn Ends the Week with Losses
Corn futures closed out the Friday session with losses across the board, as contracts were down 2 to 5 ¼ cents. On the week, July was down 17 ¼ cents, with December losing 15 ½ cents. Weekend weather looks drier, though planting conditions may still be less than ideal in...
Wheat Ends Friday with Double Digit Weakness
The wheat complex posted weakness across the board on Friday. Chicago contracts were down 2 to 12 cents, led by the front months. Kansas City futures closed with contracts 4 ¼ to 11 ½ cents. MPLS spring wheat futures were down 7 ½ to 9 ¾ cents across the board....
Soybeans Hold in For Gains
Soybeans held on for steady to 11 ¾ cent higher trade across the front months at the close, with back month 2025 contracts lower. July soybeans were up 9 cents this week, with November down 2 ¼. Soymeal futures were up 30 cent to $1.10/ton in the front months but...
Cotton Heads Lower on Friday
The cotton market fall back lower on Friday, as contracts were down 5 to 38 points. On the week, July was down 142 points, with December losing just 16. The outside market factors were a mixed bag, with crude oil up another 76 cents and the US dollar index just...
Hogs Fall Lower on Friday
Lean hogs slipped lower into the weekend, with contracts down anywhere from a tick to $1.87, led by the nearbys. USDA’s National Average Base Hog negotiated price was back down 76 cents on Friday afternoon at 88.57. The CME Lean Hog Index was up another 37 cents on May 15...
Cattle Rally Continues into the Weekend
Live cattle closed the Friday session with contracts up 67 cents to $2.02. June was up $4.90 on the week. USDA reported cash sales of $186-190 across the country on Friday, helped by the beef strength this week. Feeder cattle closed with gains of $1.12 to $2.50 on Friday, as...

Cash Bids



Forecast

USDA Newswire


The CME Group Intercontinental Exchange