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Human Ingenuity
Our Network’s Strength

Montreal, Tuesday, February 22, 2005 – La Coop fédérée held its 83rd Annual General Meeting today at the Fairmont Le Reine Elizabeth Hotel. More than 350 delegates from the affiliated cooperative network took part in this important event, which was organized under the theme of “Human Ingenuity: Our Network’s Strength.”

In his opening address, an upbeat Denis Richard, president of La Coop fédérée, said: “I am pleased to note that the solid performance of several of our operations demonstrates not only the relevance of our business offering, but the vitality and dynamism of our members and customers.” According to Mr. Richard, sales for 2004 amounted to $2.9 billion, while La Coop fédérée’s results at fiscal year-end showed a marked improvement over last year.

Mr. Richard was careful to note that although 2004 was a good year, La Coop fédérée is continuously faced with key issues that have led to agricultural restructuring worldwide, including trade globalization, increasing economic concentration both upstream and downstream of the agricultural sector and a decline in the number of producers and their income. “Agricultural cooperatives can and must be part of the solutions to be implemented, and they can and must contribute to transforming these issues into development opportunities for their members,” concluded Mr. Richard.

Today, La Coop fédérée represents over 51,000 members in 97 cooperatives, ranging from agricultural cooperatives to consumer and processing coops. These cooperatives meet the many varied needs of farm producers and consumers who have joined forces to gain access to high-quality products and services at competitive prices.

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Information : Caroline Morin
Communications Advisor – La Coop fédérée
Telephone : 514-858-2048
Email : caroline.morin@lacoop.coop


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