Canadian Co-op Happy With Corn Demand

Last week I attended the 2011 IFAJ Congress in Canada. This is the International Federation of Agricultural Journalists. One of our stops was the Hensall District Co-operative. We were welcomed by CEO, Earl Wagner, who gave us an overview of the various business units of the co-operative.

HDC is a diversified farmer-owned Ontario Agricultural Co-operative. Established in 1937, HDC is the largest independent agricultural co-operative in Ontario with 4000 members who elect 10 Board of Directors. HDC employs 300 staff members with annual sales of 328 million.

One of our group asked him if HDC had gotten into the ethanol production business and he said that they have not. However, they did sell some land a few years ago to GreenField Ethanol who intended to build a plant but to date hasn’t done so. HDC does sell corn and Earl says that the demand for corn for ethanol production has been a good thing. As you can see from the pumps at the home base location, they sell ethanol blended gasoline. You can listen to my interview with Earl here: Interview with Earl Wagner

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