Federated Co-operatives Limited has reported $12.5 billion in total sales for 2023. | File photo

FCL reports 2023 earnings

Federated Co-operatives Limited has reported $12.5 billion in total sales for 2023, resulting in net earnings of $781 million. As a result, FCL was able to distribute $399 million in patronage back to local Co-ops.

Costs including inflation have risen since FCL announced the Integrated Agriculture Complex near Regina. However, the company is moving forward with a renewable diesel plant and a canola crush plant jointly owned with AGT Foods on the site.  |  FCL photo

Costs rise for FCL ag complex

REGINA — The CEO of Federated Co-operatives Ltd. said front-end engineering and design continues on its planned Regina integrated agriculture complex even as costs escalate. Heather Ryan said inflation is a concern. Although she wouldn’t say how much beyond the initial $2-billion price tag the cost has gone, she did say it isn’t far off […] Read more