Fiscal Year 2018 Financial Results
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
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