Canton River Terminal Update

We continue to work towards building a river terminal in Canton, Missouri. We have gathered an impressive team of people to help this project along.

Projects Manager, Jim UpChurch from Canton. Jim is our person on the ground working all areas of the project. He is very skilled in working with officials regarding the permits needed from the Corp of Engineers, Rail Road, environmental groups community officials and many other people related to this project.

Bill Smith the Lewis County IDA director has been key in helping develop the property and river area we need to develop this project. His willingness to support this project has been key and will remain very important as the project moves forward.

Outside Consultant, Roger Dowdy from southern Illinois is acting our our outside council. Roger recently retired from CGB as the projects manager for the past 28 years. Roger helped develop projects within their river system of which 8 greenfield sites were built and many others updated to meet the needs of todays agriculture. His understanding of what to do and what not to do is very important as we design the elevator and river site for barge loadings. His experience with the R.R. and Corp of engineers will also help us as we seek those necessary permits.

Although we are not today confirming a build, we are very confident we will be successful in our quest to have a facility in Missouri.

Safe plantings,

Gerald Jenkins

2010

Everyone,

As 2010 comes to a close on behalf of Ursa Farmers’ Cooperative we would like to thank each of you for all the friendship and support you have given us this past year. We also would like to thank each one of you for taking the time and helping us celebrate our 90^th annual meeting this past year. We only wish that evening could have lasted longer so we would have all had more time to just visit.

Best Wishes and Good Health in 2011.

Gerald Jenkins

Flood Bond & MIssouri Project

First I would like to wish all of you the best of holidays and upcoming New Year.

As we approach the years end we felt we should update everyone on all these public announcements regarding the UFC projects.

Flood Bond:
UFC became award of a flood bond opportunity a couple months ago. This was a federal program offering assistance to companies that were affected by the flood event of 2008. We only found out about it at the last minute but in fact with the help of several business partners were able to qualify for the program. Now just so everyone know the program was not a grant or gift, it was just a friendlier form of a bank loan. It is a federal loan that allows a company to lock in a long term interest rate. We locked in a loan for the replacement of the storage bin that was lost in the flood of 2008 and we also qualified for a loan to update our feed mill because that project was put on hold due to the flood event of 2008. We are happy to let you know yesterday Dec 21st that loan was completed and the loan funds are in our bank to do those projects. The bond process is a very, very complex thing but it did allow us a long term low interest loan and that allowed the CoBank our lenders the ability to approve these projects for the betterment of UFC.
Missouri Project:
As you know a few months ago the Missouri Governor announced a stimulus grant for the development of the Canton River Front area. Many people think that grant was given to UFC, that is not correct. The grant was given to the IDA of Lewis County which has been working with UFC to purchase enough river front property to build a terminal in Missouri. So the grant was given to the IDA not UFC. Yes this was all necessary for UFC to keep our hopes alive to develop terminal in Missouri. Keep our hopes alive? It is just that, we have several issues that need completed before any firm public announcement can be confirmed.
I hope these updates help you understand the exciting future this company is working towards. If you have any questions please contact me. In closing: I would like to thank all of you for the remarkable jobs you do for the company regardless of the situation and for the relationships that have developed between our employees and memebers.
Happy Holidays
Jerry

60 Day DP

60 day D.P.: December 1^st UFC is going to begin offering 60 day free D.P. Be aware we are not sure how long this will last before we run out of room but we felt we should at least make it available as farmers mostly appear to be done farming and are shifting their thoughts toward moving grain. If the weather allows us to load through Dec 15 or 20 we should make a lot of room. If the river shuts down before, we will fill fast. Maybe we should have waited until Jan 1^st but we felt with farming done and the weather good we needed to take the chance. We do NOT have much room for Non Corn and plan calling people with Jan and Feb contracts warning them to haul now or be at risk they will not be able to deliver Jan/Feb contracts.

Harvest Update Nov 5

Ursa Farmers will be going back to working Monday thru Friday and closing on Saturday's beginning Saturday November 20th. I would expect the Ferry Boat to start operating winter hours which are the same as UFC very soon.
I would like to thank all the locations and employees for the outstanding job they did during this harvest. In all the years I have worked for UFC this is the first I never heard "ONE" complaint from a member about a concern they had during harvest. Although many might think this was an easy harvest it was not. As we entered harvest our elevators were nearly filled with damaged grain we purchased from our members this summer as a result of last year's poor quality grain. Then the challenges put before us with the explosion at Warsaw, that was intense to say the least. The determination of the Warsaw employees is just remarkable, we were back operating within 24 hours of the event and how about the employee. He was burnt, knocked down from the explosion and nearly broke an arm but was back to work within a couple days. just another story of the many we could mention about this company and our team.
The OSHA inspector and the safety director for the state of Illinois both praised Truman and the employees of Warsaw for the outstanding safety procedures they abide by. Nothing was found in error to cause that explosion, it just occurred. All the repair have been complete and we move on.
Thank you to everyone and enjoy the Holidays.
Jerry

Agriculture Announcement in Canton 10/21

We just wanted to update everyone on an exciting event occurring Thursday October 21st.

Missouri Governor Jay Nixon and State Senator Wes Shoemyer will arrive in Canton, Missouri tomorrow at 12:15 to officially announce funding for a river front development area in Canton, Missouri.

The Governor and Senator along with IDA director Bill Smith and UFC projects manager Jim UpChurch have teamed together to create an opportunity to

develop this riverfront area. This is a giant step forward for the

company

of Ursa Farmers to build a river terminal in Canton, Missouri. This is

NOT

an announcement "tomorrow" that UFC is going to build as we have many hurdles to cross, but it is a large step in the right direction.

The Governor and Senator have asked Bill and myself to say a few words regarding this opportunity. The concept has been to create an opportunity

for UFC and others to build in Missouri. If we build and I say "IF"

because we have issues that need resolved, UFC was to be the foundation of development for the riverfront business area.

We are sending membership notice of this event by DTN text messaging and several email accounts we have setup. Be aware the media have been notified and membership will be asking questions.

Once more this is NOT a UFC announcement. It is a public announcement of

the state funding an opportunity to develop Canton's Riverfront area.

So this will be an exciting day for all involved.

Gerald Jenkins