Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   

Agricultural News


PCCA Announces Year-End Cash Distributions of More Than $21 Million to Grower-Owners

Fri, 17 Sep 2021 15:40:33 CDT

PCCA Announces Year-End Cash Distributions of More Than $21 Million to Grower-Owners At its 68th Annual Meeting, Lubbock-based Plains Cotton Cooperative Association announced further fiscal year-end cash distributions to its grower-owners totaling $21.32 million. The distributions, to be completed this month, consists of $8.99 million in cash dividends and $12.33 million in stock retirements. PCCA President and CEO Kevin Brinkley reported on PCCA’s results and work for its grower-owners throughout the fiscal year.

“PCCA understands that it is necessary to accept an appropriate level of risk to make money for our farmers,” Brinkley said. “The board challenged staff to develop recommendations that would create new marketing opportunities and establish risk tolerances. The risk tolerances provide freedom to identify and act on opportunities.” Brinkley also detailed the innovative work PCCA has done throughout the year to add value to its grower-owners’ cotton. It was also a pivotal year for PCCA’s Warehouse Division as it completed infrastructure investments to add value to grower-owners’ cotton.

“The development of PCCA’s private intermodal rail facility at Altus, Oklahoma, was another innovative solution that liberated high-quality cotton from the challenges of trucking it to customers. We’re also innovating the delivery of information to our growers and their gins,” Brinkley said. “Going forward, we will deliver personalized data to our growers and timely information about markets, trends, and ag policy through our soon-to-launch myPCCA app. This app will have all the features of the old Member Access app plus many more new benefits.”

In other business, during the annual meeting, PCCA grower-owners re-elected directors Lexie Fennell, District 3; Randy Smith, District 5; and Marvin Beyer, District 11. Dane Sanders was elected director from District 4 to replace retiring director Eddie Smith.

Founded in 1953, PCCA is a Lubbock-based marketing cooperative owned by farmers in Texas, Oklahoma, Kansas and New Mexico dedicated to supplying sustainably grown, high-quality cotton fiber around the world. In addition to cotton marketing, PCCA also owns cotton warehouse facilities in Texas, Oklahoma and Kansas and develops and offers software programs and networks to local co-op gins that help add value to their grower-owners’ cotton.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Stay Ahead of Nematodes and Participate in BASF’s SCN Action Month  Fri, 15 Oct 2021 21:59:28 EDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, October 15, 2021  Fri, 15 Oct 2021 21:49:39 EDT
  • Friday, October 15, 2021, Market Wrap-Up with Justin Lewis  Fri, 15 Oct 2021 21:46:09 EDT
  • 2022 Edition Now Available of the NCBA Redbook   Fri, 15 Oct 2021 15:32:28 EDT
  • Congressman Frank Lucas and the Rest of the Oklahoma Delegation Call on Biden to Put American Energy First  Fri, 15 Oct 2021 13:02:04 EDT
  • USDA Designates Eight Oklahoma Counties as Primary Natural Disaster Areas  Fri, 15 Oct 2021 11:31:22 EDT
  • NCBA’s Kent Bacus Hopeful Biden Administration Will Pursue Deals Beneficial to US Beef Producers  Fri, 15 Oct 2021 10:10:35 EDT
  • Feeder Steers and Heifers Steady to Higher, Steer Calves Higher at Woodward Livestock on Thursday  Fri, 15 Oct 2021 05:26:37 EDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       

    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.