Members of three cooperatives have voted to approve the unification agreement between Farmers Cooperative Association of Canby, Lyon County Farm Service of Ghent, and Prairie Pride Cooperative of Marshall. The agreement was first approved by the Boards of Directors of each cooperative in February 2019.
“We are pleased that a majority of members voted in support of the proposed unification, which we believe will bring additional value to members and the long-term viability of our cooperative,” said Mark Pasek, Farmers Cooperative Association Vice President. “We also want to thank our members for participating in the process and exercising their right to vote.”
“This opportunity presents a lot of benefits for our members, customers, employees, businesses and communities,” said Al Steffes, Prairie Pride Cooperative Board President. “We are committed to building on the rich heritage of our cooperatives, to create an even stronger, unified cooperative that is here for the long term to support members and customers,” said Fred Rabaey, Lyon County Farm Service Board Chairman.
The member voting period followed a series of member information meetings that were held throughout the region beginning March 11. Members cast their ballots by March 22. All ballots submitted were certified by Hoffman and Brobst, the third-party accounting firm administering the vote.
Minnesota law requires that a quorum of members vote and that 66 2/3 vote affirmatively to approve unification. The vote outcome was announced at the Special Meeting of the Members of each cooperative on March 21.
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