FY2025 Annual Report Highlights a Year of Strength, Stewardship, and Strategic Growth
Oct 29, 2025
Written by: Shelby Wartick, Communications Director
Rooted in Progress. Innovating for You.
FY2025 Annual Report Highlights a Year of Strength, Stewardship, and Strategic Growth
Innovative Ag Services (IAS) closed fiscal year 2025 with strong financial results, new investments in efficiency, and continued commitment to member value. Despite headwinds from lower grain prices, high input costs, and volatile markets, IAS delivered $24.3 million in pre-tax income and will return $4.5 million in patronage dividends to members — half in cash this November.
“Our cooperative’s strength lies in our people and partnerships,” said Ken Smith, CEO, and Randy Blake, Board President. “We’re proud of what our teams accomplished this year and optimistic about what lies ahead.”
Investing in the Future
IAS invested $34.1 million in capital improvements — from upgraded agronomy and grain facilities to energy-efficiency projects at Pine Lake Corn Processors (PLCP). PLCP achieved record ethanol production of 88.7 million gallons and is progressing toward an 80-million-gallon expansion that will further strengthen member value and regional corn demand.
Division Highlights
- Grain: +15% origination and the addition of a new facility in Aplington.
- Agronomy: Continued growth, 175% capital reinvestment, and new ERP efficiencies.
- Feed: Second year of +10% QLF liquid-feed growth and expansion of digital ordering tools.
- Energy: Delivered 13+ million gallons of propane despite a 50% drop in drying demand.
- Business Operations & HR: New equipment, training, and benefits programs supporting safety, efficiency, and employee well-being.
Through the Seeding Hope & Innovation Initiative, IAS contributed $93,865 to community vitality, education, and youth leadership programs, including scholarships and matching funds with cooperative partners.
Looking Ahead
With member equity now exceeding $270 million, IAS continues to focus on efficiency, innovation, and long-term success. Every initiative — from ethanol expansion to employee development — reinforces IAS’s core values.
Rooted in Progress. Innovating for You.
Read the full FY2025 Annual Report