Kelly Boyle General Manager

There is probably no need to “re-hash” the challenges faced by Ontario Agriculture in the past year. Like the optimists we are, let’s look at some of the positive influences we are facing. Energy prices have softened, and corn prices are at near record highs as we work away at the harvest. Fertilizer pricing is projected to be down in the coming year while demand for our commodities is projected to be up! We may as well say it……… “Maybe this is the year!”

North Wellington has enjoyed moderate success this year, thanks again, to your continued support. Yes, we were challenged, but we had some successes as well. Accounts receivable, inventories and payables down, cash flow up and a strong general reserve of $3,000,000. We purchased or upgraded $320,000 worth of capital assets (vs. depreciation of $369,0000), paid off $378,000 of long term debt, redeemed $275,000 worth of member loans, and paid members $142,000 in interest on member loans.
Repair projects this year included replacement of the roof on the Harrison Store, completion of the $45,000 in repairs and upgrades to on-farm petroleum equipment and invested $100,000 on propane tanks to support our Energy Division. We take the care of your facilities seriously.

Thank you to our staff, the board and their families for the hard work, dedication, and for the extra things they do everyday, which are often taken for granted. As always, thank you for supporting your Co-op and for allowing us to serve you in the coming year.