CVA reports strong financial performance and reinvestment at Annual Meeting

Nov 26, 2024

CVA Annual Meeting

Central Valley Ag (CVA) cooperative hosted its Annual Meeting at the Holthus Convention Center in York, Neb. CVA achieved $45.0 million in net savings, including $27.7 million in local operating savings, from $1.67 billion in total sales for the 2024 fiscal year, ending on August 31, 2024. The cooperative also returned over $24.0 million in cash to its members through equity redemptions and patronage dividends. 

"I'm proud that CVA continues to deliver on its promise to members. We've provided excellent products, services and technology, and CVA's strong performance means another historic return of cash to you through equity redemptions and patronage dividends," said Carl Dickinson, President and CEO of CVA. 

In addition to its financial success, CVA continued its focus on enhancing services to its patrons. The cooperative invested $92.8 million in capital expenditures during fiscal year 2024, funding significant improvements and expansion projects to better serve member-owners. 

"To effectively provide our member-owners, we need to ensure we have top-tier facilities, equipment and people. Reinvesting capital is an important part of running a prosperous business and delivering value to our members," said Dickinson. 

As part of the Annual Meeting, CVA announced the results of its Board of Directors election, conducted through a mail-in ballot process. Voting stockholders elected the following producers to serve on the board: 

  • Region 1: Alex Brookhouser (Brunswick, NE) and Ben Meis (Elgin, NE)
  • Region 2: Duane Schumacher (Bloomfield, NE)
  • Region 4: Jay Uehling (Oakland, NE)
  • Region 6: Emily Luebbe (Utica, NE)
  • Region 7: Michael Welch (Haddam, KS)
  • Region 8: Derek Appley (Akron, IA)

The Board also elected the following officers: 

  • Chairman: Luke Carlson (York, NE, Region 5)
  • Vice Chairman: Mark Philips (Akron, IA, Region 8)
  • Secretary: Jacob Porter (Mankato, KS, Region 9) 

"The CVA Board of Directors is made up of local agricultural producers who bring expertise in agriculture, economic development, and community leadership," said Chairman Luke Carlson. "Serving on the board is about representing your neighbors. We make sure their needs are met, and continually work to improve how CVA serves its members." 

CVA remains committed to delivering value to its member-owners while reinvesting in assets and initiatives that ensure long-term success. The cooperative's strong financial performance and continued focus on innovation demonstrate the strength of the cooperative model and its ability to support producers in an evolving agricultural landscape.