MONTREAL, March 5, 2012 /CNW Telbec/ - This year marks the first time ever in the history of La Coop fédérée that a patronage dividend was given directly to pork producers who are members of the Filière porcine coopérative. This dividend demonstrates the well-founded vision for the value chain as well as all the exceptional collaborative work and coordination that has brought this value chain to fruition.
As members of the cooperative value chain for pork, pork producers benefit from the support of the Board of Directors of La Coop fédérée which has strategically decided to transfer a portion of the annual operating profit to this new value chain. This distribution of the financial surplus takes into consideration the importance of pork production and its economic spin-offs (genetics, animal feed, transportation, energy, hardware, grain marketing, slaughtering and processing) to the Coop's network. This decision also reinforces the desire of La Coop fédérée to stand united with pork producers during this turbulent economic period.
By virtue of the current agreement with the Fédération des producteurs de porcs, the development work continues. Benefitting from the close working relationship between the production and processing sectors on product specifications, members of the Filière porcine coopérative continue to improve meat quality and texture that better responds to the demands of the most lucrative markets. Moreover, the efforts of these players in the value chain have allowed it to consolidate the Japanese market: the door has been opened for the expansion of these value-added exports.
About the Filière porcine coopérative
Established in April 2011, the Filière porcine coopérative has 141 members located across the province, including farrowing, finishing, farrow-to-finish, nursery and nursery-finishing operations. Thanks to the coordination work of its members, the value chain offers quality products at competitive prices to its clients, both near and far, and also provides wealth generation for producers.
Governed by its member-producers, the Filière porcine coopérative:
- Recognizes the importance of mastering all aspects of producing quality meat;
- Prioritizes innovation, product improvement, increased efficiency and decreased costs of production;
- Aims to increase the profitability of the production segment of the chain to at least $15 per pig by 2015.
Àbout the Coop fédérée
Founded in 1922, the Coop fédérée is the largest agri-food company in Quebec and is listed amongst the 100 largest cooperatives and mutual companies in the world, across all sectors. It is owned by more than 90,000 members grouped into 103 cooperatives located in several Canadian provinces. La Coop fédérée is present throughout the agri-food chain and, as well as being a wholesaler, it also provides agricultural producers with all the goods and services they require for their farming operations. The network has five banners: Elite and La Coop (animal and crop production, grain marketing), Unimat (hardware and farm machinery), Sonic (energy), and Olymel (meat processing). La Coop fédérée employs more than 10,000 people with sales $4.6 billion.
For further information:
General Manager for Animal Production, La Coop fédérée
Ben Marc Diendéré
Communications Director, La Coop fédérée