BECAUSE OF YOU...

April, May & June

2013

Volume 4, Issue 2

SSHELBYHELBY CCOUNTYOUNTY CCOO--OPOP CCHATHAT Shelby County Farm Bureau Cooperative 2350 E State Road 44, Shelbyville, Indiana 46176 317.398.6655 ~ 800.875.7427

Proudly Serving Shelby County and the

Surrounding Counties since 1928

Special Points of Interest:

85th Year Celebration

Crops NEW NH3 Wagons

Trucks for Sale

Benefits of Patronage

Safety First this Spring

Ace Hardware Specials

Your Shelby County Farm Bureau Cooperative is

putting on a celebration for YOU, the owner of

your company.

In 1928, a small group of farmers

joined together in Shelby County to

form a supply cooperative

in order to increase their

buying and negotiating

power. Today, your

Shelby County Coopera-

tive is 680 members

strong with continued

growth and sales in the

busy and competitive

farm world we live and

work in.

On FRIDAY, AUGUST 23, plan

on attending our open house so we can show you

how much your business is appreciated and what

we are doing with your investment in Shelby

County Cooperative.

We are excited to bring you a full static display of

our latest and greatest equipment and rigs. Other

featured items will be a 1949 fuel delivery truck

owned by CountryMark fuels, a cut-away display

giving a unique view of an anhydrous & LP trans-

port truck sponsored by Growmark Products, as

well as your new 2013 LP Bobtail truck and your

new 2013 Petroleum delivery tandem tank truck.

Our biggest, the employees, will be on the lot to

share knowledge & get to know

you better... from delivery driv-

ers to office staff to crops

advisors to managers.

Come & meet them all.

All members will receive

their choice of a special

gift with our anniversary

logo on it.

Opening Ceremonies will

begin at 10:00 am with

lunch provided starting

at 11:00 am.

Stop in to our newly renovated professional office

and boardroom to browse through an abundant

historical display of past employees and board

members, annual reports going back to the 1950’s

and many pictures of friends and farmers from our

many years in business. All our 85 years of history

will be on display for all to enjoy.

Watch your mail in July for a personalized invitation.

SAVE THE DATE

Page 2 Shelby County

APRIL

Nate Nedderman

Isaac Hinkle

Kyle Law

Jim Martin

Harvey Favors

Steve Howard

Bill Batton

Jackie Bowles

MAY

Paul Hammersmith

Tony Thieneman

JUNE

Todd Anderson

Morgan Clapp

Terri Moore

Ryan Clark

Janet Schindel

Travis Grubbs

Member, Doug Theobald

& team, for your 1st

Place finish at

the Louisville

Farm Show

No matter what you size or needs, your Shelby County Co-op has

you covered with an anhydrous tank that fits you.

We recently invested in 4 additional 1465 gallon tanks on narrow run-

ning gear with large tires for a total of 8 available. Along with 4 -2000

gallon tanks with wide running gear & tires. Our new mid-size tanks

answer the demands of our customers.

Call Crops at 317-392-4472 for anhydrous pricing and tank availability.

New 1465

gallon tank

2000 gal 1465 gal 1000 gal

Truck #1—1995 Chevy 2500

Runs well with 454 engine

Overdrive & transmission issues

241,000 miles

Call Shawn by April 30

at 317-398-6655

Truck #2—1993 Dodge

Power Ram 350

Runs well

4 x 4

142,000 miles

Page 3 Volume 4, Issue 2

Patronage refunds are the distribution of Shelby County Co-op’s surplus earnings to its members. The Board each year determines the distribution percentage rate for the patronage refund. Shelby County Co-op has in the past distributed their patronage refund as 50% in cash and 50% in equity.

The distribution of patronage refunds is based on how much business the member has done with the Co-op during the Co-op’s fiscal year. In order for us to maintain a record of your purchases, you must have your purchases run through your account, whether you pay cash or charge your purchases. Membership and equity can be revoked if no purchases are made within a three year period.

The rate of the patronage refund is determined each year by the percent of member business vs. the non-member business. Shelby County Co-op has paid patronage refunds every year since 1986 to its members. However, a pa-tronage refund is not guaranteed; remember it is based on the Co-op’s earnings.

Equity represents the amount of assets or ownership that the member has in the Co-op and it is spread among the stockholder’s.

The IRS considers your patronage refund and equity as income and you must show it as income on your tax return the year you receive the refund.

Deceased Member: Each month, at the Board of Directors meeting, the Board votes on whether to redeem the stock and equity for a deceased member once the Co-op has received an application for the redemption. The re-demption is paid out according to the requested distribution on the application. As to whether the stock and eq-uity is redeemed depends on the financial situation of the Co-op at the time of the application.

Over 80: The Board determines the redemption age. For many years Shelby County Co-op has redeemed the eq-uity for anyone over 80 years of age. In August of each year, the Board votes whether to pay our members who have turned 80 years of age in the current year, their total equity balance. At this same time if the member wants, we will also refund their $5 in stock.

3% Early Equity Program: For any pre-pay products with our crops departments in December and January and for any fall purchases you make with crops, we will redeem 3% of those totals to you from your equity. We will also take any other purchases that you make in December with Ace Hardware, the LP or petroleum departments and refund 3% of that total from your equity. If you don’t have that much in your equity account we will refund the balance that you do have in your equity.

The past few years in December we have given our equity holders an opportunity to use their equity at Ace Hard-ware. The equity holder may make a purchase for the balance of their equity account but not to exceed $100. The equity holder receives a letter letting them know what their balance is in their equity account. When you make your purchase at Ace Hardware you will need to sign the letter to verify that you made the purchase and Ace Hardware will keep the letter. The employees at Ace Hardware will put the amount of your purchase on your account and we will transfer that amount from your equity to pay for that purchase.

Occasionally, throughout the years there have been other situations when we have redeemed a person’s equity. When these times occur we notify the equity holder by letter of these opportunities.

Shelby County Co-op does not pay interest or dividends on your equity.

Recent record earnings at Shelby County Co-op have allowed larger refunds and equities to our members. Contin-ued high profitable earnings could allow for an earlier redemption age and or higher cash portions on patronage refunds.

If you have any questions please call Becky at 317-398-6655 or 800-875-7427.

Remember, the more you purchase the more you get back in patronage refunds and equity.

Contributed by Rebecca Margison

2350 E State Road 44

PO Box 160

Shelbyville, Indiana 46176

Phone: 317-398-6655

Toll Free: 800-875-7427

Fax: 317-421-2089

E-mail: tina@shelbycountyco-op.com

We’re on the Web! Make payments!

Check us out at www.shelbycountyco-op.com

Shelby County Farm Bureau Cooperative

Helping our customers

help themselves

Held in the Conference Room at Shelby County Co-op.

Located 2350 E State Road 44, Shelbyville

Dates are subject to change. Please call the office at

317-398-6655 to confirm meeting dates & time.

April 22, 2013

May 27, 2013

June 24, 2013

April 27—FREE dog dip days

Dog food representatives & specials

Free flea dip for your dog

May 11—Mother’s Day Event

Local Girl Scouts selling cookies & hot dogs

Huge Assortment of perennials & garden vegetables

June—15 Father’s Day Event

LP Grill Fill Special

Many Tool Specials & Tool Workshops