#8144
Walter PreugschasWalter Preugschas
Participant

For interest sake: Alberta and Manitoba had Co-operative Wheat Pools as well as did Saskatchewan. Alberta and Manitoba Pools merged into a publicly traded company as did SWP in the late 90’s. Later that merged company was bought up by SWP. It shows to me how there was ample turmoil in that industry in the 1990’s a lot of it created by changes in public policy. The need to change was prevalent but the path forward was not easy to see. The points about rubber stamping, board and membership not being ready for such changes, membership being polarized, lack of board diversity, etc and management being in control, I’m sure, are all relevant contributing factors to the demise. Its just easy to sit back now in hindsight and be critical when it was a very difficult and changing time in the history of these grain handling cooperatives.

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Libro Credit Union

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Sherwood Co-op

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