FS Cooperatives Earn Performance Improvement Award
Five FS member cooperatives were recognized by GROWMARK,
Inc. for business performance improvement during the
GROWMARK Annual Meeting in Chicago.
While introducing the award winners, Dennis Farmer,
GROWMARK vice president of member services, said, “To
achieve success in the agricultural industry requires
determination, innovation, and imagination. Farmers count on
their local cooperatives for products and services that are
vital to their profitability. GROWMARK recognizes that our
local grain and supply members excel at that mission.”
GROWMARK measures the improvement in the performance of
member cooperatives based on return on invested capital.
Over a five-year time frame, each cooperative's return on
invested capital improvement is measured in comparison to
other cooperatives in the System. From this measurement, the
Performance Improvement Award was developed.
The cooperative with the highest degree of improvement
was Thunder Bay Co-operative Farm Supplies, based in Thunder
Bay, Ont. Ben Postuma is the general manager and Arnold
Breukelman is president.
Ranking second was Piatt County Service Company, based in
Monticello, Ill. Mark Orr was the general manager during the
time period measured. John Hendrix was the president.
In third place was Wanstead Farmers Co-operative Company,
based in Wyoming, Ont. John Turvey is the manager, and Joe
Joosten was the president.
Ranking fourth was Stephenson Service Company, based in
Freeport, Ill., Jay Kempel is the manager and Keith Meier is
the president.
Ranking fifth was LaSalle County Farm Supply, now part of
GRAINCO FS, based in Ottawa, Ill. Andy Wagner was the
manager for the time period measured, and Steve Riskedal was
the president.
