Weilbrenner honored at annual Posey Co-op meeting 1


Members of the Posey County Co-op Board of Directors present a plaque of appreciation to outgoing board member Tom Weilbrenner. Pictured, left to right, are Chris Cash, Larry Williams, Chris Mulkey, Charles Mann, Weilbrenner, Rick Ziliak, Jerry Schenck, Wayne Wiggins, Albert Schmitz, and Bernard Muller. Photo by Dave Pearce

Members of the Posey County Co-op Board of Directors present a plaque of appreciation to outgoing board member Tom Weilbrenner. Pictured, left to right, are Chris Cash, Larry Williams, Chris Mulkey, Charles Mann, Weilbrenner, Rick Ziliak, Jerry Schenck, Wayne Wiggins, Albert Schmitz, and Bernard Muller. Photo by Dave Pearce

Special to the News.
The Posey County Farm Bureau Co-op held its Annual Stockholder’s Meeting February 27, 2014, at the Posey County Community Center. A meal was prepared by the North Posey Relay for Life Volunteer Team.
During the business session, Directors Chris Mulkey, Jared Schenk and Alex Weilbrenner were elected to join fellow Directors Albert Schmitz, Larry Williams, Rick Ziliak, Charles Mann, Bernard Muller, Alvin Nurrenbern and Wayne Wiggins in overseeing the Co-op’s operations.
The Board presented retiring Director Tom Weilbrenner with a plaque thanking him for his 36 years of dedicated service to the Posey County Co-op Board. It was noted that Weilbrenner acted as president for 32 of those years.
Board Chairman Albert Schmitz spoke on the history of the 87- year-old Co-op. He also discussed that many people often confuse the Posey County Co-op with CountryMark and the Posey County Farm Bureau Incorporated. He explained that all three companies are separate entities.
General Manager Chris Cash discussed the Co-op’s record year of 2013. The Co-op has assets totaling over $41.4 million, a net worth of $32.4 million, and sales of $88.6 million and a pretax income of $11.4 million. Checks were sent to the member patrons refunding over 10.7 percent of their total purchases with 80 percent of that in the form of cash. Total patronage distribution exceeded $4.6 million. SynEnergy Partners LLC, the Co-op’s fuel partnership with Superior Ag Resources and Jackson Jennings Co-op, continues to grow and flourish. Cash noted that 2014 will offer challenges, ‘We will always face the uncertainty of the weather, the rivers and commodity prices but the Co-op is positioned to overcome most of these adversities.’
The meeting ended with entertainment provided by the seven-piece country comedy show band, Steve Hall and the Shotgun Red Band.


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