Tip of the Thumb of Michigan | We have both kinds locally. One could use better management, so overall is just like dealing private. We have another that cleaned out the top heaviness and got it self in great shape in the last 10 years. They are caught up on dividends and have a 4 years average of over 5% on marketing and 3% on inputs. That's the way it should be. They are have also been doing major upgrades to facilities while paying that. That is what a coop should be. They don't get all our business, but plenty of it. When wheat a corn where at $7, that was $.35/bu. on 100,000 bu. that's easy math. |