 | Golden Growers Cooperative
Visit their website
Golden Growers Cooperative is an agricultural cooperative with membership open to residents of all 50 states. The co-op's headquarters are located in Fargo, North Dakota. Golden Growers owns 49% of a corn fructose plant operating near Wahpeton, North Dakota, in partnership with American Crystal Sugar Company. The plant is leased to Cargill through 2017.
Operated under Minnesota's 308B cooperative law, Golden Growers is taxed as a Limited Liability Company, and partnership allocations and distributions to members are generally taxed as passive income.
Trading Requirements
All offers to purchase and offers to sell must be communicated with a Registered Representative in person or telephone no later than 5 pm (CST) on any business day. The effective date is the first day a buyer can match an available listing. If there are multiple standing offers to purchase at or above the purchase on the day prior to the effective date, offers must be made by 3:30 pm. At that time each party with an offer at or above the listed price will have a one time opportunity to raise his or her offer.
Minimum ownership - 4,000 Units.
* Transfers must include all entitlements associated with the
transferred units that relate to Patronage of the Seller or any predecessor owner of the units, as more particularly described in the current Unit Transfer Policy of Golden Growers Cooperative.
Mandatory corn delivery. One bushel of corn for each ownership Unit
(Members may choose to pay a pool fee of $0.02 per bushel instead of
physical delivery). Members who physically deliver corn may receive an
incentive payment above the corn price.
- Fees and penalties apply for non-delivery each year.
Administrative Fee - Seller will be charged a fee of $100 per transfer.
Utilize ATS/QMS standards for selling and buying membership units.
Continuous offers to sell (listings)
Trade Effective dates for Sales will be January 1, April 1, July 1 and
October 1
15-day waiting period on all offers to sell (listings)
120-day total listing period
45-day period required before transfer can become effective
60-day sit-out period if listing does not sell
Board approval required on all transfers
The general company information along with the trade requirements and restrictions provided above are subject to change. Please contact Alerus Securities or visit the specific company's website to obtain the most up-to-date information.
Available Listings
Recent Sales
Standing Offers to Purchase |