Graettinger Farmer Grain Co Becomes Land O Lakes Unit
Pete Duus recalls the Farmers Grain Co as a 80 member stock firm later reorganized into a cooperative. By 1912 John Bondhus was president and J Anderson was manager, with continued leadership through 1915. The unit restructured as Farmers Coop and merged with Wallingford elevator in 1972. Land O Lakes now employs 24 locals. in 1972 seven months produced $110,491 in salaries, $10,315.62 in taxes, 1,034,713 bushels bought, $145,094 grain sold to members, and over $500,000 in merchandise to members with 1.2 cents per bushel dividend and 1 cent per gallon on petroleum products plus 6.75 percent on some goods.