By WESTCO
The 84th Annual Stockholders’ Meeting of Western Cooperative Company (WESTCO) took place Wednesday, Dec. 10 at the Westside Event Center in Alliance, with over 100 people attending the meeting.
CFO Josh Foster presented the financial reports for the 2025 fiscal year, showing the cooperative had $162 million in sales and generated net savings of $1.3 million. WESTCO has a very strong balance sheet with $21 million working capital and $86 million total equity.
In the Annual Board Report, Chairman Joe Thompson informed the members that the Board approved Equity Redemption for all members age 70 and older for a total of $700,000.
President & CEO David Briggs, reviewed the six divisions that serve the members and encouraged members to know their cost of production by contracting fertilizer and fuel during the next month.
In other business, Scott Schoeneman (Alliance), Lynden Smith (Hay Springs), and Mario Pitts (Lyman), were re-elected to serve another term on the WESTCO Board of Directors.