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Fiscal Year 2018 Financial Results

Company profitability was solid with Operating Savings (Local Net Savings) at $3.4 million for the year, up 13% from the $3.0 million a year ago. Patronage Income received was reduced by more than $875,000 as we received slightly less patronage dividends from Land O’ Lakes and CoBank, and CHS, Inc. paid no patronage at all in 2018. Therefore, net savings after taxes dropped from $4.3 million in 2017 to $3.7 million in 2018. Roger Kienholz - Chief Executive Officer
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Lakefield Grain Elevator Operations

Commencing on December 1, 2018, Crystal Valley will operate the Lakefield Grain Elevator on an appointment-only basis.  Crystal Valley will still purchase grain year-round but will have limited delivery hours into Lakefield during the non-harvest months. Roger Kienholz - Chief Executive Officer
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CEO Report - September 2018

August 31 marked the end of FY 2018 for Crystal Valley and we tallied sales of approximately $340 million for the year. While the total sales are up from a year ago, our local net savings will be fairly similar to last year’s. Roger Kienholz - Chief Executive Officer
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Chief Executive Officer Report

We’ve had a couple of significant changes on the Senior Leadership Team since the first of the year that I’d like to tell you about. Roger Kienholz - Chief Executive Officer
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