EDMONTON – Despite slashing staff salaries and executive daily allowances, Wild Rose Agricultural Producers has slid deeper into debt.
The farm organization’s debt increased from $54,814 in 1995 to $121,262 in 1996.
This comes despite a $100,000 cut to staff salaries, equalling more than half the previous year’s amount and a two-thirds reduction to executive board and council costs, from $90,678 to $30,445.
Expenditures dropped from $392,760 in 1995 to $244,918 in 1996.
Wild Rose’s cash crunch comes from massive drops in individual and organizational memberships. Only $96,933 was collected for 1996 memberships, down from $122,954 the year before. And organizational memberships collapsed from $206,138 in 1995 to only $48,085 in 1996.
Wild Rose’s cash crunch comes from massive drops in individual and organizational memberships. Only $96,933 was collected for 1996 memberships, down from $122,954 the year before. And organizational memberships collapsed from $206,138 in 1995 to only $48,085 in 1996.
Wild Rose is calling on the Alberta government, as it has for three years, for a refundable checkoff to give the organization stable funding.
It is also trying to sell its office building, which is valued at $388,727. The money from the sale would pay off the debt.
