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Interest rates outpace fuel costs at Linn Co-Op meeting
At the Linn Co-Operative Oil Co annual meeting in Marion, Arnie Gertsen reported fuel prices rose sharply with gasoline up 27 cents and other fuels climbing. Interest costs added to expenses, budgets rose from 13.9 to 15.7 million, and a 23.1 million-dollar projection for the year was set. The co-op discussed an alcohol still for gasohol, noted 1.5 million gallons sold last year, and highlighted Farmland Industries ties with president John Anderson praising farmer cooperatives. The event marked the co-op’s 50th anniversary with a Farm Products Fair and an alcohol-fueled tractor demo, the “Super Streaker.”
MENTIONED IN THIS ARTICLE
Linn Co-Operative Oil Co
Five Seasons Center
Arnie Gertsen
Gertsen
Linn Co-Op
Onews
Co-Op
Seventh Avenue
Marion
John Anderson
Kansas City
Farmland Industries
Linn Co-Op Oil Co
Linn Co-Op Oil
Farmland
Anderson
Troy Mills
Maurice Garnant
Cedar Rapids
Henry Vincik
Springville
Dave Stallman
Marvin Henricks
Ryan
Pontiac
Mich
Silverdome
Emil Merta
Fairfax