Federated Co-operatives Limited experienced a record year in 2021 for sales in its fertilizer, crop protection, seed, and home and building solutions business lines, with strong performances as well in food and energy. CEO Scott Banda, who is retiring May 6th, says although there was a pandemic and severe weather events, including a drought on the Prairies, the Co-operative experienced a significant financial turnaround. Banda says they had $495-million in earnings for the financial year that ended October 31st, compared to $177-million the previous year.
