Premier Cooperative

January 3, 2022

To Our Valued Patrons:

The purpose of this letter is to notify you that a recommendation from myself and our management team to permanently close our Bondville facility has been approved by our board of directors. As a result of this approval, Bondville will officially close on July 31, 2022 and no longer accept grain after this date. Bondville will remain open and operating as normal through July.

This was a very difficult decision but was done in the best interests of the majority of Premier patrons. The needs and demands of our customers have evolved dramatically over the years and the Bondville location simply isn’t equipped to meet these needs and demands. Bondville lacks rail access, making it difficult to provide a competitive bid. Large trucks have a difficult time navigating the facility and the capacity and speed of the facility to receive grain is no longer acceptable to many growers. The cost to upgrade and replace existing structures is just not practical in a low margin environment. We reached a point that it no longer makes good business sense to continue subsidizing the operation of this facility.

Thank you for your past business and support. We appreciate it very much and hope to continue doing business with you in the future. We will do everything we can to make this transition as smooth as possible. If you have any questions or would like more clarification, please feel free to contact me anytime.

 

Sincerely,

 

Tim Hughes CEO

2104 W Park Ct., Champaign, IL 61821

217-355-1983 (office) 217-637-5207 (mobile)

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