Glacial Lakes Corn Processors

Glacial Lakes Corn Processors            

Glacial Lakes Corn Processors (GLCP) was established in May 2001 as a visionary agricultural cooperative rooted in the heartland of South Dakota.

Formed by more than 4,000 dedicated shareholders—farmers, families, and community members—GLCP was founded on a shared mission: to add value to locally grown corn, generate economic growth, and build a more sustainable energy future.From these beginnings, GLCP has grown into a dynamic and vertically integrated organization that owns 100% of four ethanol production facilities operating under the Glacial Lakes Energy (GLE) brand.

Our journey began with Glacial Lakes Energy – Watertown, which became operational in August 2002 as a 40 million gallon per year (mgy) facility. Demonstrating our commitment to innovation and efficiency, this plant was expanded in 2007 and now produces over 130 million gallons annually.

In June 2008, we launched our second wholly owned facility: Glacial Lakes Energy – Mina, strategically located near Mina, South Dakota. Designed with large-scale operations in mind, this facility contributes more than 140 million gallons per year to our production portfolio. In 2019, GLE expanded its footprint through the strategic acquisition of two additional plants in Aberdeen and Huron, South Dakota. These facilities further enhanced our operational scale and regional impact, producing approximately 50 million and 40 million gallons per year, respectively.

Beyond our wholly owned operations, GLE continues to expand its influence and capacity through strategic partnerships. We hold a 16% interest in Granite Falls Energy, with combined operations in Granite Falls and Heron Lake, Minnesota, producing 120 million gallons annually.

Additionally, we hold an 8% stake in Redfield Energy, near Redfield, South Dakota, which produces 60 million gallons per year, and a 17% interest in Harvestone Commodities Group, a leading global ethanol marketing and trading firm. Since inception. 

GLE has returned nearly $500 million in dividends to our shareholders, underscoring our unwavering commitment to delivering long-term value and economic vitality to our member-owners.

 -----------------------------------------------------------------------------------------------------------------------------------

 Important Notices to Investors

• We offer three types of shares: Original, New, and Commercial. Please see our website https://www.glaciallakesenergy.com/documents/Old_vs_New_Shares.pdf for the definitions.
• Patronage Dividends are typically paid to the shareholder of record as of August 31. A Non-Qualified Written Notice of Allocation (NQWNA) is paid to the shareholder of record at the time it is distributed. The IC-DISC dividend is paid to the shareholder of record as of August 31 and/or December 31. Other distribution dates may vary. The amount and timing of all distributions are determined by the Board and may change based on business conditions or other factors.
• To be a shareholder of GLCP, you must own a minimum of 2,500 shares.
• Shares are sold in 2,500 increments.
• You must become a member of GLCP by paying a one-time fee of $250 per membership.
•  Members have one vote per membership, regardless how many shares they own.
• Each shareholder is required to sign a Uniform Marketing and Delivery Agreement (UMDA) upon ownership of shares. The UMDA is intended to protect GLCP interests by ensuring an adequate supply of corn for the plant. Members will be required to deliver 0.72 bushels of corn per share for Fiscal Year 2026.
• GLCP has an open delivery system for corn which runs concurrent with their fiscal year (September 1 to August 31).
• Members may opt out of delivery of corn by paying a pool fee of $0.009 per committed bushel.
• Upon confirmation of the sale of shares, the seller will be assessed a pool fee of $0.009 per bushel on non-delivered committed bushels for the current fiscal year before the sale is finalized. The buyer will have no corn obligation until the beginning of the next fiscal year.
• As a price incentive for members, GLCP has established a freight schedule for actual delivery of committed bushels.  Please see our website for more information.
•  Private Party Transfers will be handled on an individual basis by the GLCP office.
• It is the responsibility of the person purchasing/selling shares to know the terms, conditions, agreement, rules, and procedures set forth by GLCP and as stated in our Operating Manual.
• For more information on GLCP, please visit our glaciallakesenergy.com

 -----------------------------------------------------------------------------------------------------------------------------------

NOTICE:  There are outstanding Non-Qualified Written Notices of Allocation (NQWNA) tied to shares. For more information, please visit NQWNA Distributions

-----------------------------------------------------------------------------------------------------------------------------------