Vol. 105 No. 10
THURSDAY, MARCH 6, 2014
20 pages
$1.25
Bringing news to Biggar and area for 105 years! Box 40, 122 Main Street, Biggar, Saskatchewan S0K 0M0
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NWT posts strong 2013 results performance,” explained NWT president, John Leier. “It should be noted that these results are for the past fiscal year. We are finding the current year somewhat more challenging with all the
Positive financial results
offset by dividends from investments and revenue from a leasing arrangement for the purpose of transloading crude oil. “The board of directors is very pleased with the company’s financial
shipping delays that are being experienced. NWT continues to work hard on adding value and improving service for farmers from this region of the province. That is one
have North West Terminal (NWT) Board of Directors delighted with the 201213 financial period, they stated in a February 26 news release. For the period beginning November 1, 2012 and ending October 31, 2013, NWT posted net revenues from consolidated operations of $133.5 million an an Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of $9,136,654. This resulted in a net profit of $4,762,492, or $1.45 per share. The financial performance of the company is behind the same period last year when the company posted revenues from operations of $132.7 million, an EBITDA of $11,442,627 and a net profit of $5,329,571, or $1.63 per share. Management reported that earnings were down from the previous year primarily because of reduced shipping and tighter margins in both the grain and bio-products divisions. The overall reduction in profits was
Short Stack Syrup Connoisseur . . . McKenna Mair, left, watches as Cara McRann goes to town with the syrup, and Raeann Gidluck looks on, Tuesday as St. Gabriel School recognized Shrove Tuesday or
of the major advantages of being a locally owned company as this is our primary focus.” Leier farms near Denzil. NWT is an independent, farmer-shareholder owned
company headquartered near Unity in the northwest region of the province. NWT owns and operates an inland grain terminal and a bio-products facility at its Unity location.
Pancake Day. The school held a noon-hour feast, filling the gym with some hungry students and staff on the last day before the season of Lent. (Independent Photo by Kevin Brautigam)
Saskatchewan sets another record for agriculture exports For the third straight year, Saskatchewan set a record for agriculture exports with total sales of $11.7 billion in 2013, an increase of nearly five per cent from the previous year and 83 per cent above 2007. Saskatchewan’s agriculture exports represent 23 per cent of Canada’s overall $50.4 billion in agriculture exports, and more than one-third of all provincial exports. “A third consecutive year of record exports is another example of how agriculture continues
to drive the provincial economy,” Agriculture Minister Lyle Stewart said. “Saskatchewan farmers and ranchers provide safe, reliable and high quality agri-food products here at home and around the globe.” S a s k a t c h e wa n ’s t o p three exported agriculture commodities included nondurum wheat, canola seed and canola oil with sales of $2.1 billion, $2.1 billion and $1.5 billion respectively. Particular focus on key markets was a major factor in the overall increase, with exports to some
Shooters . . . Biggar Central School’s Savana Ellis takes a shot at the Biggar Curling Club during Junior Curling Sectionals, March 3. Check out Page 20 for results. (Independent Photo by Kevin Brautigam)
of Saskatchewan’s key markets up significantly in 2013. Agriculture exports to India increased by 54 per cent, or $243 million; exports to the United States increased by 13.5 per cent, or $424 million; and agriculture exports to China increased by 5.5 per cent, or $104 million. S a s k a t ch e wa n agriculture export markets remain diverse, with sales of at least $100 million to each of 15 different countries. The top three export destinations were the Unites States, China and Japan. Saskatchewan is on pace to achieve the Saskatchewan Plan for Growth goal of increasing agriculture exports to $15 billion by 2020.
However, Stewart noted a much improved grain transportation system is needed to achieve this goal. “We have made significant progress on increasing exports and our producers have done their part by harvesting a record crop in 2013, but these are futile efforts if the grain companies and railways are unable to get these products to our customers around the world,” Stewart said. “We will continue pushing for immediate action to solve this grain t r a n s p o r t a t i o n c r i s i s, including level of service agreements with reciprocal penalties and ultimately legislative measures if necessary.”