Cedar Country Cooperative holds 4th annual meeting

MENOMONIE — The 4th Annual Meeting of Cedar Country Cooperative was held on Monday, February 8, 2016 at 11:00 AM at Bill’s Distributing in Menomonie. President Brian Johnson called the meeting to order and Secretary Duane Kuester read the minutes of last year’s meeting.

Roger Van Somerin of Carlson Highland and Co. gave the auditor’s report. He reported sales of $62,589,593 with a net margin of $2,584,879, or 4.1%. Sales in dollars were down from last year, due to depressed commodity prices, especially energy products. Unit volume was approximately unchanged.

General Manager Paul Diemert gave the manager’s report, first introducing guests and employees present. He noted that patronage of $1,915,000 was paid out this year, with $670,250 of it in cash. Stock retirements of $190,342 were also paid out.

Steve Ackerlund (North District) and Duane Kuester (South District) were re-elected to 3 yrs Board terms. The meeting was adjourned and lunch was served by the Exit 45 Restaurant. Note: next year’s and future meetings will be held on the second Wednesday of February, to try to maintain a consistent date.