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HARVEST STATES ELECTS NEW CHAIRMAN OF THE BOARD

 ST. PAUL, Minn., Nov. 20 ~PRNewswire~ -- Capping its annual meeting held this week in Portland, Ore., Harvest States Cooperatives today announced that its board of directors elected Steven Burnet of Moro, Ore., as its new chairman. The results of the election which took place after the cooperative's annual meeting, were announced Friday morning, Nov. 20. Burnet succeeds Edward Ellison, of Elbow Lake, Minn., who had held the position for five years.
 Burnet's election follows a strong year for Harvest States, including some new records. Results announced by president Allen D. Hanson during the annual meeting Nov. 17-18, included record grain volume handled, record revenues and the second best pre-tax earnings ever for the cooperative.
 Harvest States is a regional grain marketing, farm supply and food processing cooperative headquartered in St. Paul. Its trade territory extends from the Upper Midwest to the Pacific Northwest.
 Hanson told the 1,400 delegates and guests at the annual meeting that grain volume during the 1991-92 fiscal year was 783 million bushels and revenues totaled nearly $3.5 billion. Pre-tax earnings were $36 million, compared with $21 million the previous year. The cooperative also distributed patronage totaling $20.7 million, reduced its long term debt, increased capital reserves and boosted shareholder equity to $222 million.
 Hanson said a number of things made the good year possible including strong support from the member-owners of Harvest States. He also said the cooperative has continued to diversify its operations in the value- added food processing area, is actively pursuing new ventures and continues to work internally to improve service and efficiency.
 Burnet has been a member of the board of Harvest States since 1983 when the former Grain Terminal Association (GTA) and the North Pacific Grain Growers (NPGG) merged to form Harvest States Cooperatives. Prior to that, he had been vice president of the NPGG. He has held or holds many other positions including president of Mid-Columbia Grain Growers, and directorships of the Agricultural Co-op Council of Oregon and the Oregon State University Alumni Association. Burnet operates a dryland wheat and barley operation and also supports a cow~calf and yearling operation with irrigated hay and pasture.
 Other officers elected by the board include Bill Zarak of South Heart, N.D., as first vice chairman; Tyrone Moos of Philip, S.D., as second vice chairman; Steve Carney of Scobey, Mont., as secretary- treasurer; and Sheldon Haaland of Hanley Falls, Minn., as assistant secretary-treasurer.
 -0- 11~20~92
 ~CONTACT: Jim Erickson of Harvest States Cooperative, 612-641-6364~


CO: Harvest States Cooperative ST: Minnesota IN: SU: PER

AL -- MN014 -- 3484 11~20~92 15:23 EST
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Publication:PR Newswire
Date:Nov 20, 1992
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