Business & Policy
Lucknow Co-op celebrates successful year at AGM
March 5, 2020 By Top Crop Manager
Completing its 75th year, Lucknow District Co-operative reported excellent financial results for 2019 at its annual general meeting on Jan. 16, 2020, at the Lucknow Community Centre in Ontario.
Lucknow District Co-operative was established in 1944. The co-operative provides its more than 1,800 members and customers of Huron and Bruce Counties with livestock feed, agronomy products and services, consumer goods, including hardware and clothing, and petroleum products and services.
Co-operative president David Gibson reported sales of over $19 million, with an emphasis in energy and agronomy, and announced that, for a second year in a row, $500,000 in patronage will be paid out to its member-owners. “Despite a very mixed bag of weather, a late harvest and unfinished crops, we had another excellent financial year,” Gibson says. “The bulk propane distribution facility exceeded every expectation and contributed to our success this year.”
In 2019, the co-operative was recognized by Growmark Inc. as the first-place recipient for their Management Excellence Award. This award recognizes top financially performing members and retail divisions of Growmark Inc. The award is a combined measure of operating expense efficiency and system support.
Newly elected to the board was Perry Van Osch of Lucknow. Fred Durnin retired from the board after 9 years as a director. Re-elected to the board were: Andy Phillips and Murray Curran of Dungannon, Brad Gilchrist, Warren Andrew and Glen Gibson of Lucknow, and James Dickie of Wingham. The president is David Gibson of Ripley and the vice president is Martyn VanMeeteren of Teeswater.