News

Landus 2021 Annual Meeting Recap

2021 Landus Election Results

AMES, IOWA (Dec. 14, 2021) - Landus, a farmer-owned cooperative, held its 6th Annual Meeting on Monday, December 13. Held virtually, this meeting provided farmer-owners with a review and insights on performance of the 2021 fiscal year. Included in the program were the election results for four board director positions, an update regarding the company’s strong financial health for the second year in a row, and an outlook for future growth.

Board of Director Elections

As announced during the Annual Meeting, elected as board directors for three-year terms are:

  • Lynn Barry of Manilla, Iowa 
  • Kaitlyn Kokemiller of Boone, Iowa
  • Ron Buse of Lake City, Iowa, re-elected
  • Bryce Caple of Maxwell, Iowa


In a board meeting following the Annual Meeting, officers of the Landus Board of Directors were elected as follows:

  • Nate Stewart of Cedar Falls – re-elected Chair
  • Ryan Bristle of Polk City, Iowa – re-elected Vice Chair
  • Matt Showalter of Hampton, Iowa - re-elected Secretary/Treasurer


Fiscal Year 2021 Financial Highlights

Mark Miner, Chief Financial Officer, Landus, provided a detailed report of the 2021 fiscal year financials during the Annual Meeting, including these highlights:

  • Total profit of $17 million compared to $8.6 million in 2020
  • Total revenue surpassed $171 million
  • Total company expenses dropped by over $6 million
  • Total $2.3 million of patronage paid in cash
  • Despite a 22% decline in total grain volume due to derecho damage, Landus managed to exceed local operating budget by 50%
  • Fertilizer volumes up 30 percent year-over-year
  • Record soy crush of 23.8 million bushels achieved at our Ralston facility

Outlook

Matt Carstens, President & CEO, Landus, provided a vision for the future of Landus. He focused on the importance of the Landus employees, commitment to our core business, the Landus rail advantage, facilities of the future, and innovation within agriculture and Landus. 

Visit landuscooperative.com to watch a replay of the event.

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Landus is a farmer-owned agricultural cooperative headquartered in Ames, Iowa. We employ about 600 full-time employees at locations in more than 60 communities to serve our 7,000 farmer-owners. We are Iowa’s largest agricultural cooperative providing unmatched scale, expertise, facilities, and logistics. Our products and services span the five pillars of agronomy, grain, feed, animal nutrition, and data.

For more information, visit LandusCooperative.com.