Lucknow District Co-op reports strong finish in 2020
Lucknow District Co-operative reported excellent financial results and a record community donation for 2020 during its virtual Annual General Meeting.
President Martyn VanMeeteren reported sales of over $17 million with a strong emphasis in energy and agronomy.
It was also and announced, for a third year in a row, $500,000 in patronage, which represents 4% return on purchases to be distributed to its member-owners.
In 2020, the Lucknow District Co-operative benefited from the investment in the bulk propane facility, able to avoid shortages or supply issues due to the increased storage capacity. Investments in the agronomy department with a new sprayer and Amazone dry fertilizer applicator proved beneficial with higher production and accuracy.
“After a year like no other, major changes to how everyday business is conducted, we had another great financial year,” said VanMeeteren. “Our board is grateful to our employees who managed through lockdowns, contactless pick-ups, and changes in day-to-day protocols to serve our members while maintaining the same level of service as if nothing had changed.”
Newly elected to the board was Brian MacKenzie of Lucknow. David Gibson retired from the board after completing two 9-year terms as a director and past president. The president is Martyn VanMeeteren of Teeswater and the vice president is Glen Gibson of Lucknow.
Lucknow District Co-operative Inc. was established in 1944 and provides its more than 1,900 members and customers of Huron and Bruce Counties with livestock feed, agronomy products and services, consumer goods.
“Giving back to our community, especially this year, is extremely important to Lucknow Co-op and our board. We are proud to donate $300,000 to our local rural hospitals. Everyone has been hit hard by the current situation, and we are so happy that we can give back to the community that has served us well through the years,” said Lucknow general manager Allan Scott.