The Board of Directors of Dawson Grain Coop in an ongoing effort to improve both safety and grain receiving speed has purchased land to the west of our existing west complex. The goal of phase 1 project is to get our truck traffic off of Highway 212 for safety reasons and to increase our receiving speeds during peak dumping periods.

In the planning of this project the Board of Directors would like to give our members the opportunity to invest in Debenture notes to finance this project. We will be offering Debenture notes for 3, 5, and 7 year periods with interest rates of 4%, 5%, and 6% receptively. We will limit total deposits to $1,000,000.00 dollars with a $2500.00 dollar minimum deposit, and will be on a first come first serve basis. Whatever funds are not raised through Debenture notes will then be borrowed from our commercial lender.

The investment funds we are raising will be used for an expansion at our West Complex. This expansion will include land, a new scale, faster receiving, remove truck traffic off of Highway 212, new storage both permanent and seasonal, and a new office. This expansion would be an investment into our core business of buying and selling grain. Your Board of Directors sees the importance of capital investments that benefit both our present and future customers and will be making the investments to accomplish this.

Also with phase 2 of this long-range plan there will be the construction of new bins and receiving leg and pit. At that time we may be offering lease storage space once again. We will keep you up to date on this.

If you have any questions please call Mark at 320-769-2929 or stop in. We will be starting the Debenture notes now so if you have an interest please call or stop in.