UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 28, 2011

 

 

MINN-DAK FARMERS COOPERATIVE

(Exact name of Registrant as specified in its charter)

 

North Dakota 33-94644 23-7222188
(State or other jurisdiction
of incorporation)
(Commission File Number) (I.R.S. Employer
dentification No.)
     
7525 Red River Road
Wahpeton, North Dakota
58075
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (701) 642-8411

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 CFR 240.14a-2)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 
 

 

Item 8.01    OTHER EVENTS.

 

On June 28, 2011 Minn-Dak Farmers Cooperative (the Company) announced that its Board of Directors has approved a change to the estimated sugarbeet payment for the 2010 crop. The Company’s current sugarbeet payment estimate totaling 18.2508247 cents per pound of extractible and bonus sugar ($53.57 per ton of average quality harvested sugarbeets), has been increased to 18.7369138 cents per pound of extractible and bonus sugar ($55.00 per ton of average quality harvested sugarbeets). The $55.00 sugarbeet payment has a $1.00 per ton of sugarbeets budget contingency hold back until such time as the Company has an accurate assessment of what the final payment for the 2010 sugarbeet crop will be.

 

The estimated sugarbeet payment is based upon the best information available as of June 28, 2011. The estimated sugarbeet payment may be changed, modified or amended as additional information becomes available during the Company’s fiscal year. The final sugarbeet payment will be determined and paid in October of 2011.

 

Any statements regarding future market prices, anticipated costs, agricultural results, operating results and other statements that are not historical facts contained in this 8-K report are forward-looking statements. The words "expect", "project", "estimate", "believe", "anticipate", "plan", "intend", "could", "may", "predict" and similar expressions are also intended to identify forward-looking statements. Such statements involve risks, uncertainties and assumptions, including, without limitation, market factors, the effect of weather and economic conditions, farm and trade policy, the available supply of sugar, available quantity and quality of sugarbeets and other factors detailed elsewhere in this and other Company filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.

 

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  MINN-DAK FARMERS COOPERATIVE
     
     
Dated: June 28, 2011  By /S/ David H. Roche
    David H. Roche
President and Chief Executive Officer