News

The Annual Meeting of Crystal Valley was held on Wednesday, January 31, 2024, at the cooperative’s main office, 1911 Excel Drive, Mankato, MN. Chairman Dean Sonnabend announced the results of the mail-in ballots for the following business items:  1) approval of the minutes of the January 25, 2023, Annual Meeting; 2) acceptance of the FY2023 Financial Audit Report; and 3) election of two directors to the Crystal Valley Board of Directors. Roger Kienholz - CEO

Crystal Valley remains open for business still providing service in our warehouses, deliveries, product pickups, and custom services. For the safety of our employees and customers, effective March 24th all Crystal Valley offices will be closed until further notice.

We are pleased to announce that we have hired Doug Lund to be our new Vice President of Energy, started with Crystal Valley at the beginning of August and is officing out of Lake Crystal. Roger Kienholz, CEO

While the main office staff will be moving to Mankato, Crystal Valley will maintain its Agronomy, Energy, and seasonal Grain operations in Lake Crystal.  Patrons will still be able to stop in the Agronomy office to transact business, make payments or inquire on their accounts. We will continue to use the grain offices on the west end of the main office for receiving grain. Roger Kienholz - CEO

The main office will move into the building currently occupied by Eide Bailly located at 1911 Excel Drive in the Eastwood Industrial Center. Moving from Lake Crystal to Mankato will occur once Eide Bailly relocates to their new downtown Mankato office later this year. 

Company profitability was solid with Operating Savings (Local Net Savings) at $3.4 million for the year, up 13% from the $3.0 million a year ago. Patronage Income received was reduced by more than $875,000 as we received slightly less patronage dividends from Land O’ Lakes and CoBank, and CHS, Inc. paid no patronage at all in 2018. Therefore, net savings after taxes dropped from $4.3 million in 2017 to $3.7 million in 2018. Roger Kienholz - Chief Executive Officer

Commencing on December 1, 2018, Crystal Valley will operate the Lakefield Grain Elevator on an appointment-only basis.  Crystal Valley will still purchase grain year-round but will have limited delivery hours into Lakefield during the non-harvest months. Roger Kienholz - Chief Executive Officer

August 31 marked the end of FY 2018 for Crystal Valley and we tallied sales of approximately $340 million for the year. While the total sales are up from a year ago, our local net savings will be fairly similar to last year’s. Roger Kienholz - Chief Executive Officer