VAP in business 25 years

At the annual meeting of Value-Added Products (VAP), CEO Steve Sterling told a small group of investors that Fiscal Year (FY) 2024 was profitable ($167K) for the investor-owned cooperative. Revenue increased 4.4%. He happily reported that VAP ended the FY current on A/P (accounts payable), with property taxes paid to date, and current on loan payments and interest due.

The Alva cooperative incorporated Aug. 6, 1999, so turns 25 in 2024. VAP was formed to add value to the hard, red, winter wheat grown by farmers in this area. The cooperative manufactures frozen dough products, primarily pizza c...