The Bedford Farm Bureau Co-op held its annual members meeting at Northern Bedford County High School on Oct. 18.
In a time when the news is full of reports of a downtrodden economy, the association announced continued growth and profitability.
General Manager Jim Shade reported growth of more than $3.9 million in sales last year, or a 22.1 percent increase over last year on sales to 3,726 customer accounts across three states and 22 counties.
Over the past 10 years, the co-op has increased its gross income by more than $16 million. Members recently received a total of $36,559.17 in allocated retained equity for their 2004 purchases.
Shade said that member equity has grown from $865,488 to nearly $2.41 million over the past 10 years, an increase of 278 percent. The co-op is made up of 563 members and employs 35 people at its four locations — Bedford, Curryville, New Enterprise and Somerset.
Board President Alan Frederick introduced the board of directors. Incumbents Alan Frederick, Carl Egolf, Bernie Miller and Rob Singo were re-elected.
“The success of Bedford Farm Bureau Co-op is directly attributed to the following things — excellent people, and excellent products and service, and a great customer base to work with,” Frederick said.
The co-op specializes in on-site milled feeds for just about every animal, as well as fertilizer, seed, chemicals, show feeds and show supplies, and retail products.
Bedford County Dairy Princess Leah Hershberger and Blair County Dairy Princess Tiffany Pheasant served milk punch prior to dinner and then spoke to about 130 members who attended the meeting.