Golden Growers Cooperative director Nicolas A. Pyle gifted 10,000 membership units on October 1, 2026, in equal amounts to his three children, who hold them as tenants-in-common. His directly held position was 0 units following the transfer; the reported indirect position held by his children was 10,000 units, and Pyle disclaims beneficial ownership of their units. Separate reported indirect positions include 40,000 units held by McIntyre Farms and 10,000 units by HarMar LLC. Pyle is a 25% owner of the entity that owns the McIntyre Farms securities and a 33% owner of the entity that owns the HarMar LLC securities.
Golden Growers Cooperative (GGROU) director Chris A. Johnson reported two purchases of 5,000 membership units each on October 1, 2026, at $5.0000 per unit. One purchase was held directly, bringing his direct position to 15,000 units; the other was held indirectly by C&S Farms, where Johnson is president, bringing that entity’s reported position to 46,000 units. No Rule 10b5-1 plan is reported. The filing also lists 10,000 units held indirectly by Johnson’s spouse.
Golden Growers Cooperative reported steady profitability for the three and six months ended June 30, 2026 while revenue declined with corn prices. Corn revenue was $14.9 million for the quarter and $32.8 million year to date, down 8% and 10% from 2025, primarily due to lower corn prices. Net income was $1.5 million for the quarter and $2.9 million for six months, with earnings of $0.10 and $0.19 per unit, respectively.
The Cooperative’s 50% interest in ProGold LLC generated income of $3.2 million year to date and cash distributions of $4.0 million, its main earnings and cash source. Members received two distributions in 2026 totaling $7.1 million, or $0.46 per unit, contributing to a decline in members’ equity from $20.1 million at December 31, 2025 to $15.9 million at June 30, 2026.
Total assets were $15.9 million with cash of $95,000 and investments of about $2.3 million. The Cooperative has no debt and maintains a $2.0 million unused line of credit. Members previously approved a Plan of Liquidation and Dissolution, under which Cargill is expected to purchase the Cooperative’s 50% ProGold interest within 30 days after the facility lease expires on December 31, 2026, followed by distribution of remaining assets to members.
Golden Growers Cooperative director Brady Koehl reported non-market transfers of membership units involving related partnerships. The Form 4 shows entity-level restructuring transactions coded "J" totaling 14,000 membership units, described as transfers without consideration between CRK Partners LLP and FTW LLP.
Koehl directly holds 4,000 membership units after these entries. He is associated with the transferring and receiving entities through small economic stakes, owning 2.3% of the transferor and 2.4% of the transferee, and he expressly disclaims beneficial ownership beyond those limited pecuniary interests.
Golden Growers Cooperative reported lower first‑quarter 2026 results. Net income was $1.4M, down from $1.6M a year earlier, with earnings of $0.09 per membership unit versus $0.10. Corn revenue fell to $17.9M from $20.1M, mainly reflecting lower corn prices.
Total assets declined to $18.1M as of March 31, 2026, from $20.3M at year‑end, as cash and investments were reduced following member distributions of about $3.6M ($0.23 per unit). The Cooperative continues to earn income from its 50% stake in ProGold LLC and has an undrawn $2.0M credit line, while operating under a previously approved Plan of Liquidation and Dissolution tied to the expected sale of its ProGold interest after the current facility lease ends on December 31, 2026.
Golden Growers Cooperative files an amended annual report to add required Inline XBRL tagging and correct a director signature, leaving all 2025 disclosures otherwise unchanged. The report describes a corn grower cooperative with 15,490,480 Units outstanding and about 1,445 members focused on value-added processing through its 50% stake in ProGold LLC.
For 2025, the Cooperative generated net income of $6.1 million, largely from ProGold income of $6.46 million, while corn marketing activities were essentially revenue neutral. Cash distributions to members rose to $10.7 million, reducing members’ equity to $20.1 million. Working capital was $5.9 million at year-end, with no long-term debt and access to a $2.0 million credit line.
The filing highlights that Cargill pays ProGold $16 million per year under a facility lease through December 31, 2026 and has agreed to purchase the Cooperative’s 50% interest in ProGold for $81 million and half of remaining lease payments if a joint venture is not finalized. Members approved a Plan of Liquidation and Dissolution that calls for selling this ProGold interest after lease expiry, fulfilling obligations to Cargill and ProGold, and distributing remaining proceeds and assets to members. The Cooperative reports stable cybersecurity oversight, no material cyber incidents, and no legal proceedings.
Golden Growers Cooperative reported the results of its Annual Meeting held on March 19, 2026, where members elected directors in line with its Fourth Amended and Restated Bylaws.
Members from the Central District elected Nicolas Pyle as director, receiving 63 of 63 votes, for a three-year term beginning March 19, 2026 and ending in March 2029. Members from the South District elected Richard Bot as director, receiving 69 of 69 votes, also for a term running through March 2029. For the Director-at-Large position, members elected Brady Koehl, who received 172 of 172 votes for a three-year term.
Chris Johnson will continue as a director for the Central District, while Larry Vipond continues for the South District. There were no director elections in the North District, and Blane Benedict and David Kragnes will continue as directors, with Mark Harless and Glenn Johnson continuing as Directors-at-Large.
Golden Growers Cooperative director Glenn Harold Johnson reported a bona fide gift of 7,000 Membership Units. The units were transferred on March 24, 2026 at a stated price of $0.00 per unit. After this gift, he directly holds 88,703 Membership Units. This is a non-market, charitable-style disposition rather than a sale or purchase.
Golden Growers Cooperative director David J. Kragnes reported bona fide gifts of 24,000 Membership Units. On March 24, 2026, he gifted 16,000 units held directly and 8,000 units held indirectly through his spouse. After these transfers, he holds 57,500 units directly and 5,000 units indirectly.
Golden Growers Cooperative files its annual report describing a winding-down path tied to its 50% stake in ProGold LLC. Cargill has committed to purchase this 50% ProGold interest for $81 million within 30 days after the facility lease expires on December 31, 2026, and members have approved a Plan of Liquidation and Dissolution that will distribute sale proceeds and remaining assets after obligations are met.
For 2025, the Cooperative generated net income of $6.1 million, essentially unchanged from 2024, driven mainly by $6.5 million of income from ProGold. Corn marketing operations remained largely revenue-neutral, with $62.3 million of corn revenue and similar corn expense. General and administrative costs were $670,000, up mainly from higher legal and consulting spending.
Member cash distributions increased significantly, rising to $10.7 million in 2025 from $7.7 million in 2024, reducing members’ equity to $20.1 million at year-end. Working capital was $5.9 million and the Cooperative held $1.2 million in cash plus $4.6 million in short-term investments, with no long-term debt and a $2.0 million undrawn credit line expiring in 2026. Governance, internal controls, and cybersecurity practices are described as effective, and the Cooperative reported no material legal proceedings or cybersecurity incidents in 2025.