Here are some of financial highlights of Saskatchewan Wheat Pool’s 2003-04 fiscal year:
- The pool reported sales and revenue of $1.4 billion for the year, generating net income of $5.02 million. That translated into a net loss of seven cents per share.
- Cash flow from continuing operations was $59 million, an improvement from a loss of $14 million the previous year.
- A strong fourth quarter was key to the profitable year, with cash flow in May, June and July totalling $37 million, up from $26 million last year.
- Earnings before interest, taxes, depreciation and amortization were $87 million, compared with $23 million last year.
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The bulk of that came from grain operations at $59.7 million, versus $800,000 the previous year, with agriproducts contributing $32 million and food processing $14.3 million.
- The pool shipped 6.4 million tonnes of grain through its primary elevators, a 34 percent increase from the previous year’s drought-reduced 4.8 million tonnes. Terminal volumes were up significantly, increasing to 4.5 million tonnes from 2.4 million tonnes in 2002-03.
- The average margin earned was $21 per tonne of grain shipped, up from $15.50 last year. Market share in Western Canada remained at 21 percent.
- Total debt at July 31, 2004, was $312 million, down from $406 million a year earlier.
Manure spreading options in Manitoba
By Ian Bell
Brandon bureau
news
Manitoba producers who struggled to get their crops off this fall have a couple of options as the deadline looms for fall application of manure.
The official deadline is Nov. 10. However, the province is telling producers who may have difficulty meeting that deadline that there are other options.
Those include applying for an extended deadline under conditions set out by Manitoba Conservation, or building temporary lagoon storage structures.
Producers who need flexibility are being advised to contact Manitoba Conservation and their regional agricultural representative.
Decisions on both alternatives will be determined on a case-by-case review.
