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Landus Cooperative Reports More Than $8.5 Million In Profits And Record Soy Crush At Virtual Annual Meeting


The COVID-19 pandemic continues to change the face of the way business is done, and the same holds true for industry annual meetings. On Monday, Dec. 14, Landus Cooperative hosted a virtual annual meeting, adhering to the social distancing requirements as they discussed their financial health and outlook for the future. Chief Financial Officer, Mark Miner, reviewed the Fiscal Year (FY) 2020 financials, reporting a total profit of $8.6 million following a year that marked a $4 million deficit. The farmer-owned cooperative surpassed $166 million in total revenues and paid out $1.4 million in patronage. Their corn receipts were up nearly 20 percent while fertilizer volume increased by 15 percent and they had a record soy crush with 23.1 million bushels taken in at the Ralston soy processing facility. During the meeting, members of the board of directors were announced with two new members: Matt Chambers of Audubon and Jeff Frank of Auburn. Both Dan Reynolds of Rockwell City and Nate ....

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