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Minn-Dak Farmers Co-op sees dip in 2012 payments

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FARGO, N.D. — Wahpeton-based Minn-Dak Farmers Cooperative reported Tuesday that payments of $155 million made to its shareholders and growers on Aug. 31 were 14 percent less than the previous year.

The decrease in gross revenue for the 2011-12 crop was due to difficult growing conditions and low yields per acre, Dave Roche, Minn-Dak president and CEO, said before the co-op’s annual meeting in Fargo.

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