Ahead of the curve with GROWMARK's 2015 year-end results

Jim Spradlin, CEO 

The GROWMARK System unity, economies of scale, and the relationship at the farm gate are evidenced in the operating results for the 2015 fiscal year, which ended Aug. 31.

Jim Spradlin, chief executive officer, reported unaudited, estimated sales of $8.8 billion (U.S) for FY 2015. Pretax income is estimated at $140 million. An estimated $61 million in patronage refunds will be returned to GROWMARK member co-operatives and farmer-owners.

Energy, agronomy, and retail grain units all achieved business growth and recorded earnings above expectations, while the retail supplies group performance was slowed due to a softening ag economy and plenty of weather-related challenges this summer. 

Spradlin commented, “The GROWMARK System is strong, responsible, focused on the success of our customers -- prepared, and positioned for continued success. I believe the founding farmer-members of our great co-operative System would be proud of our progress. We honour their bold, innovative, courageous, and sustainable co-operative structure by working together to stay ahead of the curve.”

More than 800 people attended the annual meeting held at the Hilton Chicago. To read more detail about reported financials, please go to: www.growmark.com/MediaCenter/Pages/2015%20Annual%20Meeting%20Press%20Kit.aspx