Over a hundred member dairy farm families, employees and friends celebrated another record setting year for Westby Cooperative Creamery at its 107th Annual Meeting in January. General Manager Pete Kondrup said record sales revenue during fiscal year 2010 was 20 percent higher than last year, with sales at $37 million.
In the past year, a record 110-million pounds of milk passed through the cooperative as fluid or manufactured dairy food products, including a growing volume of certified-organic milk. Kondrup added that member patronage distribution of 24-cents per hundredweight was also paid as cash, with 36-cents per hundredweight provided as stock certificates to members.
"Our business has continued to grow through a good mix of Westby brand and private label retail products," Kondrup said. "Food Service and Ingredient customer segments have also grown with increased sales for our cultured products, butter and hard cheeses. With record sales and net income, we have strengthened our balance sheet, reduced debt, and increased our capital reserve for investments in operations and new product development."
To read the rest of the story, please go to: Wisconsin Ag Connection
