In this episode of On the Horizon, host Levi Hall discusses the annual meeting recap with Jeff Wagner, CEO of Horizon Resources, and celebrates the career of Jeff Watts, who is retiring. The conversation covers financial highlights for the fiscal year 2024, including sales performance, market trends, and net savings, while also addressing the challenges faced by the cooperative and the outlook for the upcoming year. The conversation delves into the significant cash distribution to members, the impressive patronage rates, and the impact of market volatility on the cooperative's operations. It highlights the importance of cooperative structure and the inevitability of consolidation in the sector. The discussion also covers the new nominating committee's role in board dynamics and the challenges of finding qualified board members.

00:00 Introduction to On the Horizon Podcast

00:29 Annual Meeting Recap with Jeff Wagner

01:40 Celebrating Jeff Watts' Career

10:09 Financial Overview of Horizon Resources 2024

24:10 Sales Performance and Market Trends

30:08 Net Savings and Patronage Discussion

33:54 Record Cash Distribution to Members

38:01 Patronage Rates and Their Impact

43:06 Navigating Market Volatility

48:56 The Importance of Cooperative Structure

54:08 Consolidation in the Cooperative Sector

01:00:02 Nominating Committee and Board Dynamics