CCWG Shareholders can download the 2018 Annual Report.
Just click the picture or link below.
The CCWG Shareholder dividend cheques and the Shareholder Wool Shipper Loyalty Reward Program Coupons are now in the mail.
December 1, 2018 – Calgary, Alberta
The Canadian Sheep Federation (CSF) is pleased to announce the election of Allan Ribbink as Chairman of the Board at the 2018 Annual General Meeting.
Allan Ribbink, along with his wife Marlene and their son Cody operate a sheep and cash crop farm in Tiverton, Ontario. Their daughter Cailey works off the farm. The Ribbink’s have been involved in Canada’s sheep industry since 1979. “I look forward to working with the CSF Board and staff implementing the organization’s new strategic plan, focused on unifying the industry and helping improve results for the entire value chain” said Mr. Ribbink following the adjournment of the CSF’s 2018 Annual General Meeting.
The CSF Executive Committee has a number of newly elected
members this year including Morgan Moore (MB) as Vice-Chair, Liezel
Kennedy (SK) as Secretary and Sheri Schweb (BC) as Treasurer. The
rest of the CSF Board of Directors consists of Jocelyn McGraw (NB),
Joseph Leck (NS), Harry Elsinga (PEI), Wilson Reid (NL), Brian
Greaves (CCWG) and Ted Skinner (CSBA).
The 2018 AGM took place in Calgary, following two days of Sheep Value Chain Round Table meetings. The Board also spent some time this year modernizing the organization’s strategic plan.
The Canadian Sheep Federation is a national, non-profit organization with a mission to represent the interests of the Canadian sheep industry, providing leadership aimed at furthering the sustainability, growth and prosperity of the sector.
For more information contact the Canadian Sheep Federation at 1-888-684-7739 or firstname.lastname@example.org.
Canadian Sheep Federation
PO Box 10
Williamsburg, ON K0C 2H0
The CCWG recently held Management and Board of Director meetings
at the 100th Annual General Meeting in Carleton Place & Almonte,
Ontario on October 18th – 20th, 2018
The 2018 elected Board of Directors are as follows:
President - David Mastine, St. Felix de Kingsey, QC
1st Vice President - Lee E. Sexton, Hanley, SK
2nd Vice President - Allan E. Ribbink, Tiverton, ON
- Roma H. Tingle, Prince George, BC
Additional Directors on the Board are as
Warren L. Moore, Stavely, AB (Audit Committee)
Ward Harden, Fir Mountain, SK (Audit Committee)
Ruth Mathewson, Central North River, NS (Audit Committee)
Gary J. Fox, Bloomfield, ON
Brian W. Greaves, Miniota, MB
For the fiscal year ending February 28, 2018 the co-operative
recorded gross sales of almost 10.4 million which represents an
increase of 2.5% from the previous year. Net income of
$425,599 from all business operations was achieved. Difficult wool
marketing conditions for broader wools continued in 2017/18. This
resulted in lower wool sales in our value-added wool trading
division of almost 14.5% compared to the previous fiscal year.
Canadian wool is currently being marketed to 6 countries, but China
remains the major export destination for all wool types.
Profitability was up at all retail locations with overall sales
increasing by 9.2%. In terms of revenue ratio, the past year
reflected 25% (wool) and 75% (retail).
The Board of Directors have authorized a dividend payment of 7% to the shareholders of record date December 31, 2017. The company has always paid a dividend and it has been 7% annually since 1999. The Shareholder Wool Shipper Loyalty Reward Program (SWSLRP) will remain at the rate of 7 cents per pound on the 2017 wool clip. Full details of these programs can be found on the company website www.wool.ca. For a report on the current wool market and our business update - www.wool.ca/Wool_Market_Reports. In other news, a thorough review and evaluation of the company’s long term strategic business plan was completed by the Board of Directors and Management team.
2018 marked our 100th year in business which is a significant milestone to reach. To celebrate this event an evening banquet featuring fresh Ontario lamb was held at the North Lanark Agricultural Hall in Almonte, Ontario with 200 guests in attendance. In 2019 the Annual General Meeting will be held in Truro, Nova Scotia from October 17th – 19th.
Paul & Ann Cullingworth, Scotsburn, NS
Shearer / Tondeur - Eric Sullivan
Heidi Clarke – Willow Island Farm, Saskatoon, SK
Shearers / Tondeurs - Bill & Heidi Clarke
|Bonny & Norman Lee, Pangman, SK
Shearer / Tondeur - Cliff Metheral
|Dale & Dawn Montgomery, Maple Creek, SK
Shearer / Tondeur - Cliff Metheral
|Ken Thompson – Island Meadow Family Farm, Demorestville, ON
Shearer / Tondeur - Ruco Braat
|Richard & Wanda Perrault, Val Marie, SK
Shearers / Tondeurs - Lorrie Reed & Crew
|Jim Johnston – Pasture Hill Farm, New Liskeard,
Shearers / Tondeurs - Gerald Gemmill, Jonas Ouellette, William Rousseau
Jordon Preston, Vauxhall, AB
Shearers / Tondeurs - John Beasley, Shaun Fajnor, Dwight Galenzoski, Paul Preston
Rupert Durose - Duck Paddle Farm, Plumas, MB
Shearer / Tondeur - Rupert Durose
Shannon & Don Horkoff, Vulcan, AB
|Rupert Durose - Duck Paddle Farm, Plumas, MB
Shearer / Tondeur - Rupert Durose
Dennis Gellings, Dawson Creek, BC
Shearers / Tondeurs - South Peace Colony, Birch Hills Colony
|Steve & Jeanette Lewis, McAuley, MB
Shearer / Tondeur - Steve Lewis
Nicole Blanchard, L’Epiphanie, QC
Tom Redpath, Ayres Cliff, QC
James McNeely, Wool Superintendent, Carleton Place
John Woodburn, CCWG Director, Alberta North
CCWG 100th AGM Banquet held at North Lanark Agricultural
Almonte, ON - October 20, 2018
2017 Wool Certificate of Merit
David & Elizabeth Anderson, Andelin Farms from Orillia, ON
Presented by Allan Ribbink – CCWG Director Ontario West & Patrick Lamothe – Carleton Place Wool Grader
2017 Wool Certificate of Merit
Warren Moore – CCWG Director Alberta South presents the Certificate of Merit to Grant Preston, Mount Forest, ON
on behalf of his grandson Jordan Preston from Vauxhall, AB
Shearers recognized for long time service to the sheep
Left to right, front row: Judy Miller-Shelley, Jerry Kelleher, Ross Creighton, Terry Spicer, Bruce McEwen, Nicole Blanchard.
Left to right, back row: Steve Shelley, Tom Redpath, Ruco Braat, Richard Metheral, John Farrell, Peter Kudelka, Eric Bjergso – CCWG General Manager
Absent – Geraldine Heffernan, Donald Metheral, Robert Worden
CCWG staff attending the 100th AGM & Banquet
CCWG 2018/19 Board of Directors
Left to right:
Gary Fox, Allan Ribbink, Warren Moore, Ruth Mathewson, Ward Harden,
David Mastine, Lee Sexton, Eric Bjergso, Brian Greaves, Roma Tingle
In the last 12 months fine wools from all origins have achieved unprecedented record prices although at the time of this writing prices have pulled back for most microns in the last couple of weeks. Unfortunately the crossbred and broader wools which are much more plentiful in supply have been left behind for the most part and have only recorded marginal increases compared to the previous year.
The growth in fine wool prices can be attributed to two main factors. There is major concern regarding future available supply due mainly to ongoing Australian drought in most of the major wool producing states. This has resulted in decreased production ie lower fleece weights due to feed shortages and reduced sheep numbers. For the 2018/19 season it does not look any better with the current forecast of a 5.7% reduction in the Australian wool clip.
As always, China is playing a major role in influencing the market due to the significant growth of their middle class and upper income earners. Despite rising prices, consumer demand for wool apparel has continued to grow. It was only ten years ago when China was mainly a low cost manufacturing and re-exporting destination for most of the wool exported to China. Today more than half of China wool imports are manufactured into wool products that stay in China and are purchased by Chinese consumers. Upwards of 70% of global wool production finds its way into this market. These are the main reasons for the current strong performance of fine wools. Most leading Chinese textile companies are reporting an increase in domestic sales but a decrease in exports. This underlines the huge growth potential for domestic sales within China as incomes continue to rise.
In terms of sustainability the key message to encourage consumers to choose wool continues to be that we have a natural fiber, renewable and biodegradable resource.
In addition to challenging global climatic conditions the current USA / China trade conflict cannot be underestimated. This escalating trade war remains a key risk to global economic activity and to global textile markets because of the uncertainty it is creating. It has the potential to completely disrupt the supply chain and to lower consumer confidence which up to this point in time has been very high in most of the major wool consuming countries. The present situation is that American raw wool, hides etc are now subject to a Chinese duty of 25%. China accounts for 53% of all USA imports of wool clothing.
Although we have developed markets for Canadian wool in six countries, China will be our major export destination in 2018 for all wool types. It does not appear that the new USMCA agreement will have any impact on Canadian
wool exports to USA, greasy wool is still rated duty free the same as the previous NAFTA agreement. Our sales to USA will be lower this year because of the USA / China trade war, American mills have ample supply of wool that would otherwise be exported under normal wool trading conditions.
Our wool volume dropped approximately 4.3% during the 2017/18 wool marketing year but we are encouraged by recent Statistics Canada figures that indicate our sheep and lamb numbers have increased by 1.6% in 2018 compared to 2017, the first increase in 7 years. However, the drought conditions experienced this year in several provinces has resulted in high feed prices that will likely result in some flock reductions or dispersals.
The tough trading conditions for the broader wools in 2017/18 resulted in lower sales of almost 14.5% for Canadian wool compared to the previous fiscal year. Conditions are somewhat improved during the current wool marketing season. We have found much better selling opportunities compared to a year ago to our regular network of buyers and also some newly established customers.
The retail business of CCWG achieved better than projected results for the fiscal year ending February 28, 2018 and continues to grow. Profitability was up at all locations with overall sales increasing 9.2% In terms of revenue ratio it is now almost 25% (wool) and 75% (retail).
2018 marks our 100th year in business which is a significant achievement. Sincere appreciation is extended to all staff and directors for your efforts in helping CCWG reach this major milestone. You are the company’s most valuable assets. Of course we must recognize the support we receive from our loyal customers who are the reason we are still operating and growing the business today. We are fully committed to building relationships with our customers based on the right product at the right price and delivered with exceptional customer service.
Best wishes to all for continued success.