September 10, 2007 15:11 ET

Thunder Bay Co-op Earns Performance Improvement Award

BLOOMINGTON, ILLINOIS--(Marketwire - Sept. 10, 2007) - Thunder Bay Co-operative Farm Supplies was recognized with the highest level of achievement in business improvement during the GROWMARK Annual Meeting in Chicago on Aug.30. Ben Postuma is the co-operative's general manager, and Arnold Breukelman is president.

While introducing the award winners, Dennis Farmer, GROWMARK vice president of member services said, "The vitality of our local members is the foundation of the success of our entire co-operative system. Continued success in our business today requires perseverance, toughness, and innovation. More than ever before, our farmer-customers depend on us to provide them with not only the products and services vital to the operation of their farms, but the advice and answers to the tough challenges and questions facing them in this economy."

GROWMARK measures the improvement in the performance of member co-operatives based on return on invested capital. Over a five-year time frame, each co-operative's return on invested capital improvement is measured in comparison to other co-operatives in the System. From this measurement, the Performance Improvement Award was developed.

"While I've only identified the presidents and managers of the winning co-operatives, these results come from a team effort," Farmer added.

GROWMARK, Inc. is a regional cooperative providing agriculture-related products and services and grain marketing in the Midwest. FS brand farm supplies and related services are also marketed to farmers in the northeastern United States and Ontario, Canada through local GROWMARK member cooperatives, and by GROWMARK subsidiaries. More information is available at

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