Tuesday, June 10, 2025

Annual Meeting!

       While I'm not allowed to attend congregational meetings, so far I have not been barred from attending the Sinai Cooperative Elevator's annual meeting. It was held last night. It wasn't a particularly good year for the Coop as it posted a loss of 141K. The current turbulence in the world of agriculture has farmers on edge, consequently the Coop's business was down.  

     A representative of CHS, that provides feed and fertilizer to the Coop, spoke. The essence of his speech was that the situation is in turmoil because of tariffs. Without mentioning the current occupant he said prices and availabilities of  products could not be predicted. When he said "Every things unpredictable" I was the only one who laughed.

    Most grain elevators have joined larger consortiums. Sinai's remains independent. Likely two factors are responsible for its independent status. The Coop has been well managed. The other factor in its continued success has been the loyalty of local farmers. By their continued patronage they keep it viable. It has the necessary assets to handle the current deficit. 

Takk for alt,

Al


Sinai Cooperative Elevator, Sinai, SD, 57061.

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