Business
Co-op gives yearly report
Board and management leaders from local farm supply operations heard reports on Southern States Coopera-tive’s fiscal year financial results at a conference on Nov. 27 in Bardstown.
Among those attending were Billy Beckham, management representative, and Wade Barton, board representative from the Glasgow Southern States.
According to reports presented by Thomas R. Scribner, Southern States’ president and CEO, and Leslie Newton, executive vice president and CFO, the cooperative:
- Had the best year against plan in a decade and one of the best operating performances in its history.
- Had sales in the fiscal year ended June 30 of $1.7 billion, a $100 million in-crease over last year.
Had an increase in earnings from operations of $7.9 million over last year and $4.4 million for the year.
- Has continued to remodel and relocate selected stores to better serve changing local markets. Urban growth and the movement of families to areas where they can enjoy a rural lifestyle have changed the customer base of many Southern States stores in recent years, Scribner noted.
- Has continued to lower its funded debt despite business challenges posed by weather and increased prices of petroleum and fertilizer products and supporting inventories.
- Business
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TRANSFERS: March 8-13
March 8:
Chartland LLC, two tracts on Elmo Road, to William H. and Pamela J. Wentworth Arnold.
PBI Bank Inc., 1.123 acres on Morrison Park Road, to Bridget Harper, $57. -
Allen named store manager at Hartland
Hartland Equipment has announced that Neil Allen has been named store manager in Glasgow.
- KAHC picks Quinn
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TRANSFERS: March 1-6
March 1:
Homesales Inc., two tracts on Flint Knob Road, to Terry and Sheryl Foster, $50. -
TRANSFERS: Feb. 18-27
Feb. 18:
Lonnie M., Michael Sr., Deborah M., Rhonda Jill and Gary L. Gravens and Walter Winn Davis, trustee, 1.526 acres on Jordan Road, to Lonnie M. and Deborah M. Gravens and Walter Winn Davis, trustee. - Building Permits: February, 2010
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TRANSFERS: Feb. 8-12
Feb. 8:
Marjorie A. and Curtis J. Shelley Jr., 0.581 acre on Harold Bishop Road, to Charlie C. Thomas, $80. -
TRANSFERS: Feb. 1-6
Feb. 1:
Lisa and Joseph Bulhoes, Unit Week 18, Stevenson Building in Park Place Resorts, to MHC Diamond Caverns LLC.
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TRANSFERS: Jan. 25-29
Jan. 25:
Everette L. and Nancy G. Varney, Unit Week 47, Unit S-5 in Hideaway Hills, to Marcus Family Vacations LLC, $0.50.
Madison Smith Machine and Tool Co., 1.592 acres on Oak Street, to Southern States Glasgow Cooperative, $950.
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BUILDING PERMITS: Jan. 4
Jan. 4:
Chris Neitzel, 116 Ashwood Lane, building and electrical permits for new residence.
Glasgow Graded School, 311 S. Liberty St., demolition permit.
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TRANSFERS: March 8-13
