September 29, 2020 By Top Crop Manager
A new grain marketing partnership has launched in Quebec: Sollio & Grains Québec Agriculture co-operative.
Founded in 2020, this limited partnership is owned by the partner co-operatives and Sollio Agriculture. It has its own board of directors, where each partner is represented according to its percentage of ownership.
With more than 2 million tons of grain marketed annually, for a turnover of $700 million, Sollio & Grains Québec will be the largest buyer of grain from producers in Quebec. The new group will offer farmers greater market access for their crops while meeting the needs of various players in the industry.
The provincial partnership for grain marketing in Quebec and eastern Ontario brings together all the activities of the 10 founding co-operatives and Sollio Agriculture on the territory of these co-operatives. Its ultimate mission is to offer better marketing conditions to Quebec grain producers, to find outlets for their harvests and to meet the needs of processing customers.
“It is a great opportunity for the Quebec co-operative network to be part of this partnership that will bring many significant advantages to our provincial members and clients. They will benefit from the strength of the group while maintaining proximity in the field with their producers,” said Guy Crépeau, president of Sollio & Grains Québec.
As part of this partnership, Sollio & Grains Québec benefits from its close relationship with Sollio Agriculture’s grain sector, which handles 4.2 million tonnes of grain per year and gives it access to its multiple facilities along the St. Lawrence Seaway.
“It is by consolidating the main grain marketing activities of the member cooperatives and Sollio Agriculture that this new organization will make it possible to develop new markets,” explained Richard Villeneuve, general manager of Sollio & Grains Québec. “With the consolidation of risk management, it will be able to better position itself in the commodities market while achieving major operational and financial gains.”
The deployment of the partnership will continue gradually through 2021.
In addition to Sollio Agriculture, the 10 founding co-operatives are:
|· La Coop Agrilait
· La Coop Comax
· La Coop Covilac
· La Coop des Montérégiennes
· La Coop Parisville
|· La Coop Saint-Hélène
· La Coop Unifrontières
· Vivaco groupe coopératif
· La Coop Agriscar – In 2021
· La Coop Novago – In 2021