Kevin Jones, President / CEO

NuWay-K&H Cooperative has completed half of its fiscal year, and I’m pleased to report that we’re ahead of budget through six months. As a reminder, we have about 80 percent of our total agronomy year in the books, and we expect to finish 2024 strong.

Specifics for the first six months: volumes are up significantly in our agronomy business, compared to last year. This relates directly to the cost of inputs, which came down significantly. Also, refined fuel volumes are about even with a year ago. The only negative is propane volume, which is significantly down from last year because of the lack of a dryer season and a generally warm winter. But this is a good thing, since our members didn’t have to buy products and incur additional costs. In this case, we all benefited.

Our Best Oil partnership has achieved strong earnings, and we expect it to do well in the future.

Continuing our Theme

One year ago in this newsletter, we talked about doing more with less. We continue to follow this theme in managing the operations of NuWay-K&H Cooperative, and we’ve been successfully performing on that goal. Applying it to the application equipment we’re using on the agronomy side of our business, for instance, we’ve been able to achieve a 25% gain in efficiency—in other words, we’ve been able to apply 25% more acres in the same amount of time.

As an organization and as individuals, we’ll continue to strive to do more with less. See the stories that follow.

In the past, we’ve been good at adapting to the environment. As a farmer-owned organization, we intend to be nimble in facing any oncoming challenges and opportunities, always putting ourselves in a position to succeed.