Ceres Solutions Cooperative is celebrating a variety of returns paid back to member-farmers as part of an annual patronage and equity redemption campaign. The distribution happens over about 12 weeks. Ceres CEO Jeff Troike gave an overview of the successful business year which made these returns possible at the Ceres Solutions Annual Meeting on December 20, 2022, in Lafayette. Director elections were also held.
Ceres Solutions 2022 patronage programs will result in $16.25 million in cash to be distributed based on results of the company’s fiscal year, which ended Aug. 31. The company also plans to redeem $9 million in equity.
“In total, that means cash back to our cooperative membership will exceed $25 million,” Troike said.
Such returns benefit area farmers and the local economy.
“This success would not be possible without farmer-member support,” he added.
Four director positions were also filled. Election results are as follows:
• Serving District 3: Tom Schwenk
• Serving District 4: Howard Rippy
• Serving District 5: Brian Herd
• Serving District 6: Mike Bell
Troike sincerely thanked Ceres customers, employees and directors for their support of this cooperative business farmers own. Ceres Solutions is a 100% farmer-owned cooperative based in Crawfordsville. The company delivers agronomy products and services from more than three dozen locations across Indiana and Michigan.
Ceres Solutions also offers premium-quality diesel fuel, gasoline, DEF, lubes and propane gas to customers. The company also supplies custom recommendations and animal nutrition products to livestock producers as well. All consumers are welcome to do business at any Ceres Solutions location or fueling station. More than 700 employees are honored to serve more than 60,000 farms, homes and commercial businesses every day.
For more information about Ceres Solutions, visit www.ceres.coop, follow its members’ stories at centeredonyou.coop or follow the company on social media platforms.
