WestGen enjoyed it’s third consecutive year of milestone sales in 2017, clearly demonstrating that it is, and will always be, the key focus business of the WestGen Group of Companies. In fact, both WestGen’s financial performance and operating performance in 2017 were significantly above budget.
To equip our company for the next phase of growth, in 2018 we will be refreshing our Strategic Plan to ensure that we continue to put customers front and centre as we lead the way through today’s changing agriculture industry. I believe that strong performance is about making small improvements every day, and it has been this approach that has helped us continue to deliver in line with our strategic goals thus far. Together with our fluid business model, these goals support revenue growth, internal performance improvements, and an overall more cost-efficient organization that is focused on driving sustainable, profitable growth.
Today, we have a keen sense of who we are and what we will do to ensure our business continues to thrive in the future. We’ve never been more energised by our potential – and that potential is attainable because of the strong foundation we’ve built. The implementation of our 2015 Strategic Plan focused our attention and resources on performance and growth, and we can see what a difference that focus made. The results of the current strategic plan have been pleasing with all companies exceeding their strategic goals, completing both phase 1 & 2 of our construction and at the same time making impressive gains in both our equity and our cash position.
Behind the company’s success is a great team of people, trained with the culture of collaboration. The WestGen Group is composed of some of the most dynamic individuals – from its head office employees to the field teams who work the grassroots – led by a talented and experienced Board of Directors & Management team. I would like to express my sincerest gratitude to this well-oiled machine, as our achievements would not have been possible without them. Most of all, I would like to thank our dear members and customers for their support. Rest assured that the company as a whole is resolutely committed to elevating WestGen to a leading position in the industry by way of sound corporate governance, judicious risk management, and a keen sense of social responsibility. As we celebrate another milestone year, let us continue fostering the culture of excellence, collaboration, and innovation in the WestGen Group of Companies.
Chief Executive Officer, WestGen Group of Companies
WestGen Days saw a great turn out in Abbotsford, BC on March 19-21, 2018. The event started out at WestGen on Monday night at our Wine & Cheese event where Jay Shannon introduced Elevate Genomic Testing. The AGM started out with a recap from President Eric Iversen and CEO Chris Parry highlighting WestGen’s strong performance from 2017. Controller Vernon Smith and Treasurer Richard Boer highlighted positive results.
Another $185,276.55 was proudly reported by Tim Hofstra to be returned by the WestGen Endowment Fund to the cattle industry. Contributions totaling $1,854,609.55 have been returned to the industry since its inception. $514,873.90 of the Endowment Fund went directly to scholarships and youth development programs.
WestGen and the Board of Directors welcomed Jim Ross, SK and Wim Ruysch, AB to the board. Much thanks and appreciation were given to Art Pruim, SK and Richard Bosma, BC for their hard work and dedication to the board over these last years. We wish you both well in your future endeavors.
We welcomed Guests from the UK via Skype during a presentation from Proventus. The the highlight of the afternoon program was a all-female producer
panel including Nelleke Vander Vliet, MB; Amanda Kessel, SK; Crystal Olive, AB; Nicole Tuytel, BC speaking about Farming in a New Era.
Wednesday featured a farm tour to Corners Pride in Chilliwack and and Hoek Holsteins in Agasssiz followed by a stop at the Westcoast Classic Sale.
We look forward to hosting our WestGen members in 2019! Stay tuned for the save the date for next year.