Mid-County Newsletter MCnewsletter.spring17

YOU’RE IN y r t n u o C Mid-County Spring Messenger INSIDE: Page 2 - 3 Energy Page 4 - 5 Agronomy Page 6 - Auto, Truck, & Tire Spring 2017 • Vol. 31 www.midcountycoop.com It’s going to be a great spring! It’s going to be a great spring! I have always thought that a farmer is the ultimate optimist. Not many businesses are controlled by the weather to the degree that a farmer is, but no matter what is thrown at them, they look forward to another great crop year. To be in agriculture, you need to Bill Reimers have a good attitude towards the future, General Manager and the rewards are to work in the greatest (952) 466-3721 industry in the world. billr@midcountycoop.com Your coop has a good attitude looking forward, and we are as ready as we have ever been for a busy spring. We are continuously investing in the future. This year we have an additional sprayer, an additional airfl ow, 2 additional tenders, and 5 additional pull type spreaders. Most importantly, we have additional staff to make sure you receive great service. We have also recently hired additional staff in the energy department. Kevin Galbraith has joined our Energy Department for service and delivery, and Mark Kelzer is our new transport driver. Our Auto, Truck and Tire department is well staff ed with an additional Auto Technician, Adam Voelker, and Eric Nelson in the tire area. We have had several very good years fi nancially, and even though we had a challenging fall with the wet weather, we still have some cash in the bank with no borrowed money. And again, we are budgeting for a great spring and another great year for the coop fi nancially. Part of our success is our ability to adapt to a broad range of customers. Our fuel drivers may deliver to cranes that are building a football stadium in the morning, and then haul diesel fuel to a dairy farm that afternoon. It goes along with one of our Mid- County taglines – “from large to small, we do it all.” With OPEC agreeing to cut production, the gasoline and fuel markets have been propped up for the last few months. Whether they follow through long term with the cuts remains to be seen. But the news itself has kept the markets fl uctuating up and down, making it hard to identify a bottom. Usually the seasonal low prices for gas and diesel are from mid-December to mid-February. If we look at 3 year and 5 year historical charts, now is the time of year that prices start to rise all the way throughout the summer. Is now the right time to buy? To hit the absolute bottom of the fuel market is very diffi cult, now and then we do buy just at the right time. But most times we want to look at what is the downside for prices and what is the upside. History would tell us that in February there is a better chance for the fuel markets to rise than to decline. Propane has shown us bigger price increases than we were expecting. Last year had record inventories that kept prices low. This year, we started out the fall with more crop drying demand, add to it a cold December, and to top it off there were huge increases in exports due to the expansion of new terminals in the Gulf of Mexico that are capable of shipping propane all over the world. The improvements to the Panama Canal also allows larger vessels to deliver to the Far East at a lower cost than before. Thank you for your support, and keeping Mid-County a strong, locally owned coop, for over 80 years. As always, I appreciate your comments, and suggestions to make your co-op better. HONESTY • INTEGRITY • VALUE AGRONOMY FUELS • PROPANE • LUBRICANTS 710 Lake St., W., Cologne, MN 55322 (952) 466-3710 Serving You With Honesty, Integrity & Value since 1935 700 Lake St., W., Cologne, MN 55322 (952) 466-3720 700 Lake St., W., Cologne, MN 55322 (952) 466-3730 COLOGNE Hwy. 212 & Hwy. 284, Cologne, MN 55322 (952) 466-5657 (952) 466-3700 • 888-466-3700 • 700 Lake Street West, P.O. Box 177, Cologne