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"The key to security for farmers is a
I mechanism thai provides them with a greater control over their own destiny." E.K. Turner, President of Sas-katchewan Wheat Pool, thus sums up why he thinks his cooperative has grown to become a major force in Canadian agriculture.
How does a cooperative achieve such a position of significance? How does it arrive at more than $12 billion in annual product sales, nearly $500 million in gross assets, and a staff of 4,000 employees? The story of Sas-katchewan Wheat Pool, Canada's largest agricultural cooperative, offers a prime example.
As one of its nation's major busi-nesses, Saskatchewan Wheat Pool provides service to about 70,000 farmer-owners annually and Is actively engaged on behalf of members in promotion and the development of agricultural policy. Speaking out on the needs of agricul-ture has been its prominent activity since its formation in 1924.
Indeed, the lack of proper agricul-tural policies was what led to the cre-ation of the organization. It was formed, along with the Alberta and Manitoba pools, in response to frus-trations with the grain handling and marketing systems of the day. The pools provided members with orderly marketing and a measure of slability in the marketplace. Today their main role, in addition to offering services members want, is to convince gov-ernment and other decision centers of the need to assist the successful functioning of the industry.
Commercially, the pool's growth has been spectacular, with grain han-dlings of 155 million bushels in the 1950's, doubling to 300 million in the 1970's. Livestock handlings tripled over that period. The value of assets in the 1950's was J105 million. That grew in the 1970's to about $500 mil-
SASKATCHEWAN WHEAT POOL
a profile of one Canadian grain cooperative
by IAN BICKLE/Direcfor Information Division Saskatchewan Wheat Pool
lion, more than a fourfold increase. And net earnings, which averaged $5 million in the 1950's, were $23 million in the 1970's, or almost five times as large. (A record $54 million was recorded in 1979-1980.)
Saskatchewan Pool is the number one grain handler in Canada, with about 1,100 elevators in Saskatchewan and with terminal elevators at Van-couver and Thunder Bay. Through elevators and service centers, its farm service division sells fertilizer, chemi-cals, seed, livestock supplies, twine, steel bins, and light equipment.
Saskatchewan Pool's livestock divi-sion traditionally handles about half the cattle and calves marketed in Sas-katchewan, in addition to a quarter of the hogs and 40 percent of the sheep and lambs.
Working with other cooperatives, the pool has extended producer con-trol into food processing, manufac-luring, and distribution through CSP Poods Ltd.; into international grain marketing through XCAN Grain Ltd.; and into fertilizer manufacturing through Western Co-operative Fertil-izers Ltd. (which owns a phosphate rock supply in Conda, Idaho).
Though its commercial operations are significant, the pool's "agricul-tural policy" role is of equal impor-tance. Using a province-wide system of elected representation, the organi-zation's farmer-owners advance ideas and identify concerns and needs. The pool's board of directors, made up of farmer-businessmen, translates ideas into programs. Delegates in each district elect one of their number as director. The 16-man board makes the company's farm policy and com-mercial operation decisions at week-long meetings each month.
Indeed, Saskatchewan Pool feels it has recorded measurable achieve-ments as a common voice for members. "There is a continuing need for farmer involvement in pol-icy development and promotion," says J.O. Wright, corporate secretary. "Such activity is as necessary as member ownership and control of elevators and other facilities and services,"
Chief executive officer Ira K. Mum-ford is confident about the future, "because pool members wilt con-tinue to elect delegates and directors who see the broad picture and can relate their own farm business growth to the pool's decision-making process."
38
Object Description
| Title |
Saskatchewan wheat pool: A profile of one Canadian grain cooperative |
| Author |
Bickle, Ian |
| Subject |
Agriculture, cooperative -- Saskatchewan Wheat trade -- Canada |
| Abstract | Photographs not included in Web version |
| Citation |
Tempo, Vol. 27, no. 1 (1981), p. 38 |
| Date-Issued | 1981 |
| Source | Originally published by: Touche Ross, & Co. |
| Rights | Copyright and permission to republish held by: Deloitte |
| Type | Text |
| Format | PDF page image with corrected OCR scanned at 400 dpi |
| Collection | Deloitte Digital Collection |
| Digital Publisher | University of Mississippi Library. Accounting Collection |
| Date-Digitally Created | 2010 |
| Language | eng |
| Identifier | Tempo_1981_Spring-p38e |
