KEVIN JONES, PRESIDENT, CEO
Kevin.Jones@NuWay-KandH.com
NuWay-K&H Cooperative has concluded Fiscal Year 2024. Our audit has been completed, and I’m happy to announce that we’ve achieved our budget and all of our financial goals for the year.
In 2024, volumes were up in all business areas, except propane. You may attribute the drop in propane volume to low demand for dryer gas and a warm winter.
Toward the future
As we enter FY2025, we’re positioned well to meet our budget—but we see some headwinds. With commodity prices at lower levels and higher input prices, there will be less opportunity for on-farm income.
Our growers have begun to pull back on their spending. That always trickles down to their supplier.
Be assured that NuWay-K&H has been planning for some time for a potential downturn in the ag economy. We’ve put ourselves in a position to survive and even to thrive in the months ahead.
“We’re positioned to survive and even thrive.”
Frankly, we don’t know whether this downturn will last 12 months, two years, or three years, but it’s nothing new. Those of us who have worked in agriculture for decades have been through times like these. We just need to do more with less, and that’s what you’ll see from your farmer-owned cooperative.
