LEARNING & SUCCESS IN 2016, PARTNERING TOGETHER IN 2017

It is hard to believe 2016 is coming to a close. I have now been in my role for just over a year and it has been a year of learning. I have met many growers this past year at various events, such as Discovery Plot Days, Customer Appreciation Days, and out on your farms.

I can't thank everyone enough for your time and patience as I learn your business. I am proud of the progress we have made as partners, and I am confident the partnership can continue to grow together.

The end of 2016 finds your co-op having a successful year in all three aspects of our operation: agronomy, energy, and retail. On the agronomy side, our spring business was very solid, and our focus on fall fertilizer really helped us finish the year strong; about 40% of our growers took advantage of this fall opportunity. We had very competitive prices, and the feedback I received indicated our service was very good.

As we move into 2017, we are laser focused on cost, service, and growing our business. We will continue working very hard to earn your trust across all of the co-op's service areas. The more business we have, the more leverage we have with our suppliers. So, if we haven't yet earned all your business and you need a bid on any parts of your business -- from agronomy, to energy, to your retail needs on items such as power equipment, feed, auto repair, or parts -- we are here to serve.

On behalf of all the Federated associates, thank you for your patronage in 2016. We look forward to our partnership and I look forward to seeing you in 2017.

Merry Christmas and Happy New Year!

Mike McMahon  

CEO, Federated Co-ops, Inc.