Kevin Jones, President, CEO
Kevin.Jones@NuWay-KandH.com
NuWay-K&H Cooperative has completed six months of fiscal 2025. As we have discussed in the past, more than 80% of our revenue comes from the business we conduct in the first six months of our fiscal year—mostly in agronomy. So, at six months, we have a fairly good idea of how our fiscal year will end.
As anticipated, agronomy volumes, particularly crop nutrients, are down about 20%. Margins on those volumes have also been compressed compared to the last couple of years.
We expected these results with the impending downturn of the ag economy. During the better times, we invested in people, equipment, and processes, which will serve us well as you and your cooperative weather this downturn.
“Ag volumes are down about 20%”
The downturn is here. Now, we’re focused on controlling expenses and creating new efficiencies—things that cannot be readily seen but are important to our value proposition as a member-owned company. Our current goal is to “do more with less” and lead our members to a bright, more profitable future.
If you have a question or concern about your cooperative’s operations, please contact one of your directors, whose names and numbers are printed on page 6. My door is always open. Feel free to contact me at 1.800.445.4118, and we’ll arrange a time to meet.