Westlock Grain Terminals : A Case Study
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This is a case study of Westlock Grain Terminals, a very successful new generation co-operative located in Westlock, Alberta. In 2002, when the community found out that their grain terminal was going to be sold, they rallied together to raise more than $1.2 million to purchase the terminal as a community owned venture. Since then, the co-op has paid a healthy dividend on its shares to members and investors every year and are following through on plans to continually expand their grain handling capacity. Its success was a result of the vision and dedication of a small group of farmers, with the support of other key individuals. The experience of Westlock Terminals has lessons to offer to any community faced with the loss of a major economic asset.