Wanstead Farmers Co-operative reports growth and profitability, pays out $120,000 of its profits to owners

Wanstead Farmers Co-operative held their annual general meeting and cited growth and profitability, allowing them to pay out $120,000 of its profits to their owners.

The annual general meeting held on Thursday, December 5, 2019, at the Wyoming Fair Building had over 120 people attending.

Joe Donkers of the Stonepicker Brewing Company was a guest speaker and explained his company started from humble beginnings. "It all started with a bucket used for picking stones, an old turkey burner, water, hops, yeast and malt. Using this basic equipment has made Stonepicker Brewing Company Inc. what it is today."

Nathan Ikert, board director from Alvinston, said grace before the meal and giving thanks was just what farmers needed at this time of year. 

Martin Gerrits, board president, stated: "The year our farmers had with a wet spring and a cold start to our planting season, it was a wonder that crops even got planted this year."

Despite all the challenges, Gerrits reported Wanstead declared $120,000 in patronage. He thanked the owner-members for their patience and business, and recognized, "the staff Wanstead has are second to none."

Peter Kelly, general manager of Wanstead, reiterated the problematic year. Still, despite all of this, the fiscal year of 2019 was a profitable one. Peter was pleased to announce that sales increased this year, along with the management of their overhead costs, allowed this positive outcome. He thanked the membership for supporting the co-op this year, and the Board for their guidance, leadership and support. Peter recognized his staff and thanked them for their dedication and hard work. "We could not be successful without you!" he added.

Two directors were recognized as they are retiring this year. Joe Joosten and Kevin Forbes. Joe has been a board member for 19 years. He accepted a beautiful framed print and said being part of the Board was very rewarding. He's met a lot of people and encouraged others to step forward to become leaders.

The Wanstead Farmers Co-operative held its ninety sixth annual general meeting which was well attended.