Board of Governors

Sid Mauch, Chairman

Mr. Mauch currently serves as chairman of the Board of Governors and has served as a governor since March 2009. He is currently a member of our our Compensation and Risk Management Committees.

Mr. Mauch was the manager and controller of Maple River Grain & Agronomy, LLC, a grain elevator and agronomy supplier located in Casselton, North Dakota, from 1976 to 2012.

Mike Appert, Vice Chairman

Mr. Appert currently serves as vice chairman on our Board of Governors. He serves as a member of our Compensation and Risk Management Committees and has been a Governor since our inception. Mr. Appert has previously served as Secretary and Chairman.

Mr. Appert has been the owner and president of Appert Acres, Inc., a corn, soybean, sunflowers and small grains farming operation since 1991, as well as operating a Mycogen Seeds Dealership. He also serves on several boards which include the Hazelton Airport Authority as president, the Goose Lake Chapter Pheasants Forever as Treasurer, the St. Paul Catholic Church Finance Council, and the North Dakota Soybean Council.

Ambrose Hoff, Secretary

Mr Hoff currently serves as Secretary of the Board of Governors. He is also a member of our Audit and Compensation committees.

Mr. Hoff is the President of Stone Mill, Inc, a grain processing plant in Richardton, North Dakota. He is also currently the CEO of Amber Waves, Inc., a manufacturing facility in Richardton, North Dakota. Mr. Hoff is an active board member of the Richardton Development Company. Mr. Hoff served as our President from inception to August 28, 2006 and as a Governor until 2007 until he was re-elected as a governor in 2011.

Ron Aberle

Mr. Aberle has served as a Governor since our inception. He currently serves as chairman of our Audit committee and is a member of our Compensation and Risk Management committees.

Mr. Aberle is an owner and managing partner of Aberle Farms, a diversified farm and ranch, and most recently added an RV Campground to the enterprise. Mr. Aberle serves as an Advisory Board member of U.S. Bank in Bismarck, North Dakota, and is a Trustee of St. Hildegards Church.

Frank Kirschenheiter

Mr. Kirschenheiter has served as a Governor since May 2007. He previously served as Treasurer of the Board of Governors and is a member of our Compensation committee.

Mr. Kirschenheiter has served as the chief executive officer of Charmark International, LLC since 2005. He and his wife Earlene are involved with their children in a small cattle operation. Mr. Kirschenheiter has served as the mayor of the City of Richardton for the past 24 years.

Syd Lawler

Mr. Lawler was elected to the Board of Governors in 2021. He currently serves as a member of our Audit and Compensation committees.

He has been a farmer in Emmons County since 1976 raising small grains, corn and sunflowers. Prior to his retirement in 2020, Mr. Lawler was a Business Banking Manager then Chief Credit Officer with Cornerstone Bank until retirement in June of 2020. Mr. Lawler has been active in Linton community affairs by serving as a City Alderman for Linton and as a director on the Linton Airport Authority.

William Price

Mr. Price has served as a Governor since our inception. He currently serves as a member of our Compensation committee. He served as Vice President from inception of the Company until May 2007, and recently served as Secretary.

Since 1980, Mr. Price has been the managing partner and is currently vice president of Price Cattle Ranch LLP, a cattle operation. Since 1997, he has been the managing partner and is currently the president of Missouri River Feeders LLP, a feedlot and diversified farm. He also serves as a governor of Dakota Beef Growers, LLC, a specialized beef operation, and is a governor of Sunnyside Feeds, LLC, a custom feed plant. Mr. Price is also a governor of North Dakota Sow Center LLLP, a 10,000 head ISO wean facility. Mr. Price is a member of multiple associations, including the North Dakota Stockmen’s Association, the National Cattlemen’s Beef Association, and the Great Bend Irrigation District, and has served on the Missouri Slope Irrigation Board of Governors and served as Chairman of the North Dakota Feeder Council.