Golden Growers Cooperative amended its annual report to include auditor opinions and updated certifications and disclosed material plans tied to its ProGold investment. The cooperative reports 15,490,480 membership units outstanding and audited net income of $6,041,000 for 2024. The board and Cargill agreed Cargill will purchase Golden Growers' 50% interest in ProGold for $81,000,000 within 30 days after the Facility Lease expires (lease term through December 31, 2026). In January 2025 the cooperative declared a distribution of $3,562,810 ($0.23 per unit) and the board approved submitting a Plan of Liquidation and Dissolution to members for approval at the 2025 meeting. Audits for 2023 and 2024 are unqualified. Financial statements and iXBRL tags are filed with the amendment.
Golden Growers Cooperative amended its annual report to include auditor opinions and updated certifications and disclosed material plans tied to its ProGold investment. The cooperative reports 15,490,480 membership units outstanding and audited net income of $6,041,000 for 2024. The board and Cargill agreed Cargill will purchase Golden Growers' 50% interest in ProGold for $81,000,000 within 30 days after the Facility Lease expires (lease term through December 31, 2026). In January 2025 the cooperative declared a distribution of $3,562,810 ($0.23 per unit) and the board approved submitting a Plan of Liquidation and Dissolution to members for approval at the 2025 meeting. Audits for 2023 and 2024 are unqualified. Financial statements and iXBRL tags are filed with the amendment.