#8151
Jen BudneyJen Budney
Participant

Great comments, everyone. Lori, it’s very true that the SWP had to react in some way or other to the enormous changes happening in the industry and there were factors outside of its control, such as gov’t regulations that ultimately did not favour the survival of the co-op. Mary, as the case study alludes to, the SWP no longer exists — it became Viterra, a publicly traded stock corporation in 2007, and in 2013 was bought up by Glencore international — a British Multinational commodity trading and mining company with its headquarters in Switzerland — which sounds like the furthest thing from a co-op that I can imagine 🙂 . And Paul, yes, I think the board’s failure to consult widely with members was a huge mistake – if they had done so, they may have realized that members would not support the new concrete grain elevators — that is, they would not drive further and pay more just in order to support the co-op. The question remains as to what the right course of action would have been at this point, had they developed a better view of the future. Any ideas?

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