OTTAWA — The Canadian Federation of Agriculture recorded a healthy operating surplus last year but is still projecting a deficit for the year ahead.
It predicted a $23,000 shortfall last year but recorded a surplus of $166,283 after members approved bylaws to streamline operations and work on earning more revenue.
Lower travel costs, staff expenses and office expenses all helped.
Travel, honorarium and per diem costs were all down last year because of president Ron Bonnett’s five-month medical leave.
However, those same costs for the two vice-presidents, Humphrey Banack and Marcel Groleau, were up.
This year’s budget calls for a deficit of $20,075.
The CFA takes in nearly $1.4 million per year. More than half of it comes from the assessments of provincial general farm organizations. Commodity group and associate members also contribute.
Two new members, the Canadian Sheep Federation and Canadian Ornamental Horticulture Alliance, put the total membership at 24.
The three member executive team was returned to office for another two years during the recent annual general meeting.
