Our growers are the heart and soul of Western Sugar Cooperative. Over 850 Shareholders/growers own 134,150 shares of our cooperative. Our 4th and 5th generation growers are an example of our Cooperative’s deep-rooted passion for making a positive impact within our communities. The commitment to provide exceptional quality crops has been passed down through families. Our growers’ experience, wisdom, obligation to their trade, and grueling hard work makes them experts in their field. Local growers are a large part of a community’s character and help preserve the agricultural heritage of that area. We are proud to be a part of our communities’ growth and to be grower owned.
How the Cooperative Works
Individual Shareholders own Patron Preferred Shares which entitles them to raise an acre of beets per share. The Shareholder is then obligated to enter into a Shareholder Agreement with the Cooperative, which is the contract between the two parties. The Shareholder Agreement sets the standards for which the Shareholder will deliver the beets and how much will be paid for the beets delivered each year. The price of beets per ton is determined by the percent of sugar content of the beets delivered as well as the average net selling prices of the sugar marketed during the marketing year. The Shareholder Agreement is reviewed each year by the Board of Directors for any needed changes. It is the Shareholder’s obligation to raise and deliver the sugar beets to the Cooperative and the responsibility of the Cooperative to process and market the sugar and related by-products for the Shareholders. It is an interactive, give and take relationship between the two parties.
The Cooperative is governed by an elected Board of Directors. The board works alongside the Management team in order to sort the matters of business as per the Bylaws and Articles of Incorporation of the Cooperative.
How to Join the Cooperative
To become a member of the Western Sugar Cooperative a grower must first purchase one common share from the Cooperative. The common share also entitles the Shareholder to be a voting member. For each acre of beets a Shareholder elects to raise each year they must own or control one Patron Preferred Share. Since the Cooperative is a closed Cooperative, the Patron Preferred Shares can only be purchased from existing Shareholders on the open market. From year to year Shareholders may have extra Patron Preferred Shares due to rotational needs and may lease those to other Shareholders on a temporary basis.
For further details contact a local Agriculturist or the Director of Shareholder Relations at the Denver office, please.
To buy or to sell Western Sugar Cooperative Patron Preferred Shares through FNC Ag Services please click: Share Transaction Services