Competition

[Hopalong]

Wonder why co-operatives are not more successful. In theory, they are a solution to many of the complaints in this thread.

[Hopalong]

Personal experience with co-ops was that many directors got wound up in socialist philosophy.
Another problem was equity ownership and transfer. Some members looked at investor owned business and higher returns from investment in it. They talked support for what was good for the group but when the chips were down, they chose what was good for them as individuals.

[Braveheart]

What happened to a lot of the closed co-ops set up to process farm products was that the directors, usually farmers, directed the co-ops business model towards helping the farms prosper ahead of making the co-op successful.

[SASKFARMER3]

Here is something about Federated Coop I don't get.
Why do they pay peanuts in Div when their a billion dollar company. Top Company in Sask year in year out.
Someone cherry picking at the top.

[Guest]

federated co-op was created by co-ops , now it is running most co-ops , calling the shots . they created their own monster , lots of co-op can't make any of their own decisions because of money owed to fed. co-op or waiting on their paltry dividend . look at fed co-op fuel price ?? should be lower , not higher than the competition . they couldnt care less about co-op members

[fjlip]

Coop ALWAYS beats Petro Can here, plus 7% patronage last year. So equals 73.7/ L now.

[Guest]

well then ask your local co-op why price is going up , apparently they have to be exactly the same as the rest of them ? guess it doesn't have anything to do with oil price anymore ?? fed co-op could stop this bs , but they are just as greedy as the rest

[Oliver88]

Is that 73cents/ liter dyed diesel GST?

[fjlip]

Currently 79.2, but after a typical patronage of 7%, 73.7. That's all plus GST, dyed bulk.

[sawfly]

you certainly can see where federated makes their money.
they will build a card lock and convenience store anywhere.
refinery to retail.
that's how to make money

unless the top brass are getting too fat. we do get a dividend.
i know they all play nice together.
but if the coop was not there it could be a lot worse for us.

what % is richardson's or agrim giving back?

[Guest]

I agree 100% with that , local co-ops are the savior of small towns . I have always said if we didn't have co-ops or credit unions we wouldn't have anything in small towns but that still doesn't make it right what federated is doing to co-ops . I spent some time on a local co-op board and it was a joke how federated called the shots , local. board was a waste of time . they even sent their people to manage it .

[westernvicki]

We should ask ourselves why Federated is successful at the same time to POOLS collapsed and the CWB failed to change.

My opinion: management, a diverse and capable board.

I agree with MBBatrud but note, the CWB would be the last open station for a broad based company with assets with a stakeholder bias relative to producers. Managed by an appointed board of selected experts producers can only wait and see.