Cooperative News CRI Hosts Annual Beef Tour
Cooperative Resources International (CRI) hosted a beef tour for 40 international sales representatives and beef producers from Argentina and Brazil. The eight-day tour gave the visitors the opportunity to better understand the United States beef industry. “Through the combination of educational programs and cattle ranch tours, our guests gained a whole new outlook on the beef cattle genetics available from CRI,” stated Michael Sleeper, CRI Associate Vice President of International Marketing. The beef tour began June 12 and focused on many aspects of the beef industry while traveling throughout Montana, North Dakota and South Dakota. The tour included educational sessions regarding beef genetics and the services offered by CRI along with a tour of the cooperative’s custom collection facility - Genex Hawkeye West - located in Billings, Mont.
For many participants, the highlight of the tour was visits to local cattle ranches. The ranch tours allowed the international visitors to view progeny of CRI bulls and learn more about how U.S. ranches operate. The ranches visited during the tour included: Ludvigson Stock Farms, Joliet, Mont.; Sitz Angus Ranch, Harrison, Mont.; 21 Angus Ranch, New England, N.D.; Broken Heart Ranch, Firesteel, S.D.; Lindskov-Thiel Ranch, Isabel, S.D.; Missouri River Feeders, Center, N.D.; TNT Ranch, Almont, N.D.; Penrhos Farm, Britton, S.D.; Topp Herefords, Grace City, N.D.; Spickler Ranch, Glenfield, N.D.; Schaff Angus Valley, St. Anthony, N.D.; and Ellingson Angus, St. Anthony, N.D. “The tour was a success. The guests reacted very positively to everything on the tour. What they saw truly exceeded their expectations. They were impressed and overwhelmed by the hospitality shown to them,” commented Sleeper.
Genex Equity Redemption
The Genex and CRI boards of directors have authorized the retirement of Genex equity for the years 1979, 1982, 1983, 1984, and 1985. For active Genex members, the equity retirement appeared as a credit on your statement. There are no tax implications on this retirement. All equity redemptions have been from qualified issuances with taxes paid at the time of their allocation. This is the official public notice of this retirement and former members must notify Genex headquarters for redemption of their equity. The board reserves the right to suspend redemption if cash flow needs of the cooperative are impaired. If there are any questions, contact Genex Controller Diane Patza at 715-526-7520. The Genex and CRI boards of directors are pleased to take this action to help beef ranchers in this time of financial stress. 20
©2010 CRI
Beef Horizons