Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


PCCA Announces Year-End Cash Distributions of More Than $21 Million to Grower-Owners

Fri, 17 Sep 2021 15:40:33 CDT

PCCA Announces Year-End Cash Distributions of More Than $21 Million to Grower-Owners At its 68th Annual Meeting, Lubbock-based Plains Cotton Cooperative Association announced further fiscal year-end cash distributions to its grower-owners totaling $21.32 million. The distributions, to be completed this month, consists of $8.99 million in cash dividends and $12.33 million in stock retirements. PCCA President and CEO Kevin Brinkley reported on PCCA's results and work for its grower-owners throughout the fiscal year.

"PCCA understands that it is necessary to accept an appropriate level of risk to make money for our farmers," Brinkley said. "The board challenged staff to develop recommendations that would create new marketing opportunities and establish risk tolerances. The risk tolerances provide freedom to identify and act on opportunities." Brinkley also detailed the innovative work PCCA has done throughout the year to add value to its grower-owners' cotton. It was also a pivotal year for PCCA's Warehouse Division as it completed infrastructure investments to add value to grower-owners' cotton.

"The development of PCCA's private intermodal rail facility at Altus, Oklahoma, was another innovative solution that liberated high-quality cotton from the challenges of trucking it to customers. We're also innovating the delivery of information to our growers and their gins," Brinkley said. "Going forward, we will deliver personalized data to our growers and timely information about markets, trends, and ag policy through our soon-to-launch myPCCA app. This app will have all the features of the old Member Access app plus many more new benefits."

In other business, during the annual meeting, PCCA grower-owners re-elected directors Lexie Fennell, District 3; Randy Smith, District 5; and Marvin Beyer, District 11. Dane Sanders was elected director from District 4 to replace retiring director Eddie Smith.

Founded in 1953, PCCA is a Lubbock-based marketing cooperative owned by farmers in Texas, Oklahoma, Kansas and New Mexico dedicated to supplying sustainably grown, high-quality cotton fiber around the world. In addition to cotton marketing, PCCA also owns cotton warehouse facilities in Texas, Oklahoma and Kansas and develops and offers software programs and networks to local co-op gins that help add value to their grower-owners' cotton.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.