At age 45 my wife and I are enjoyably busy with our two boys ages 8 and 12 I have a four year degree in Ag Business from the University of Wisconsin and more importantly many years of int ID: 264350
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Nominee David Woestehoff At age 45 , my wife and I are enjoyably busy with our two boys , ages 8 and 12. I have a four year degree in Ag Business from the University of Wisconsin , and more importantly, many years of intense real world experience with business. The two t hings that most qualify me for the HLBE B oard seat is my business success and deep involvement with HLBE. My parents co - s igned for my first farm back in 1990. I couldn't have started without their help . I took that opportunity , combined with my work ethic, focus, drive, and management skills to go on to own a three - location grain elevator business and two grain farming operations based in Belle Plaine , MN, and Ar lington , SD. My business ventures have given me leadership, management, communication and interpe r sonal, experiences , as well as my service on the Board of Elders at Emanuel Lutheran Church. As a Board of Governors member from inception , I have had the honor to serve as Secretary for many years and B oard Chairman from 2011 to 2013. My chairmanship ended when we accepted a major investment from Granite Falls Energy. I was your Chairman at the time AgStar was trying to force the sale of ou r company to Guardian Energy. I'm proud that we stood up and backed out of the constantly changing and eroding deal. A few other board members and myself were blessed to be in a position to step up and write checks, to satisfy AgStar, totaling over $1.3 m illion of at - risk money , in May of 2013. This bought our company time to allow our board to raise bank required equity, and prevent share holders from being diluted if they chose to invest. Thanks to a high profit margin environment this past year, our p lant debt is nearly zero. Going forward , we remain viable by being a low cost producer. Although we need to inves t in high rate of return capital for the plant, we MUST pay dividends to the stockholders who put their hard earned money at risk when they i nvested in HLBE. If re - elected , I will continue to work as hard as I have in the past.