KEMPTVILLE — After a devastating 2001, Agri-West
Corporation turned its business around.
In 2001, the company, with six farm supply stores, had
an operating loss of $387,359 on sales of $11.6 million. But losses last
year were only $16,000. Sales last year reached almost $10.5 million.
President Charles Bennett says the company shows
promise of much better times and should have a profit this year.
He gives much credit for the recovery to the management
team at the Embrun Co-operative, which was hired to oversee the financial
management. "They’re a very successful company," says Bennett.
"They have over $42 million in sales and profits between $300,000 and
$400,000 this year."
Tightening up management was the main reason for the
turn around. Sales dropped about $1 million from 2001 to 2002 but
operation costs dropped by $1.2 million. The job now is to get back some
of the sales that have been lost, he says.
The turn-around has been achieved through the diligence
of staff, he says. "I’m grateful our patrons have stayed with
us."
The turnaround comes after a decade in which the
co-operative has been restructured twice. The first came in 1994 when the
company, then Golden Triangle, joined with Agri-Est after having trouble
borrowing operating money. Several years later it was taken over by
Growmark, which is the main supplier today.
Agri-West, with head office in Kemptville,has six
outlets in eastern Ontario and sales of more than $10 million, reaching
the goal the company set for itself back in 1994.
Outlets are in Kemptville, Brockville, Carp, Chesterville, Finch and
North Gower.