CBH $2.8b turnover puts it at co-op top

28 Nov, 2014 01:00 AM
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15
 

WA's CBH Group has received national recognition as the premier co-operative in Australia.

CBH's annual turnover of $2.8 billion last year placed the farmer owned co-operative at the top of a list of 100, revealed by the Business Council of Co-operatives and Mutuals last week.

The list, which named Victorian dairy co-operative Murray Goulburn as the second placed group with an annual turnover of $2.39b, was revealed at the Rising to the Challenge: Prosperous Business, Prosperous Nation summit on November 18.

CBH chairman Wally Newman said CBH's success illustrated the benefits of the structure.

"Co-operatives, such as CBH, are part of a strong and vibrant sector and this is a great opportunity to get together with other like-minded organisations to discuss the key challenges and opportunities we face," he said.

CBH Group chief executive officer and council chairman Andy Crane opened the summit and took the opportunity to expand on his role as a member of the Federal Government's B20 leadership group.

Dr Crane is the first representative for the co-operatives and mutual sector to be appointed to the forum that represents the private sector to the annual G20 leaders conferences.

The forum brings together business leaders from across G20 member countries to produce policy recommendations which aim to foster strong, sustainable and balanced growth.

Dr Crane said his selection was an "appropriate recognition of the often unseen contribution of the co-operative and mutual sector to a strong, diverse and resilient Australian economy".

"Co-operatives and member-owned businesses are an under-recognised sector of the nation's economy," Dr Crane said.

"Australia has 1700 member-owned businesses providing numerous benefits to their 13 million members.

"We are pleased to highlight the contributions of co-operatives and mutuals and the ways in which they excel in creating shared value by reinvesting all profits back into the economy through their members.

"Co-operatives and mutuals are big investors in Australian infrastructure from ports, rail and irrigation systems, to road, housing and manufacturing plants.''

FarmWeekly
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READER COMMENTS

Jock Munro
28/11/2014 3:08:07 AM, on The Land

Well done CBH. Sure proof of the success that the co op structure can achieve.
Gerry Atric
28/11/2014 4:44:22 AM, on Farm Weekly

Insert D8's rant here about CBH crumbling due to competition etc etc
torobrook
28/11/2014 6:50:51 AM, on Farm Weekly

Have patience GA.
PayTaxes
28/11/2014 8:20:50 AM, on Farm Weekly

CBH should be made to pay taxes like every other business in Australia
holdenon
28/11/2014 11:59:43 AM, on Farm Weekly

Good result, 17mmt production helps! yes - no reason what so ever not to pay tax. And/or pay dividend to share holders. These numbers are likely attract other player to the market.
Hoegrass
29/11/2014 9:11:55 AM, on Farm Weekly

Cbh charges are like death and taxes. Unavoidable and painful. We got a strong co-op but that is little compensation for farmers struggling to keep the banks at bay. Pretty soon we'll have choice and a transparent price will be put on loyalty to Cbh.
cmt
30/11/2014 5:05:58 PM, on The Land

Congratulations CBH. Was there ever any doubt from the honest rational thinkers anyway about the worthiness of CBH to Australians or more particularly West Australians.
argis
1/12/2014 6:47:44 AM, on The Land

Hoegrass, CBH provide a legitimate service at the lowest cost of all of Australia's central storage operators. Just because you are not operating your farm business well enough is not the fault of CBH. How about accepting responsibility for your own management or mismanagement whichever is the case, instead of taking cheap shots and blaming others.
boris
1/12/2014 7:04:13 AM, on Farm Weekly

For you religious followers of CBH, have a read of Saturday's West business section. Which ever way you look at it CBH is nothing more than an over inflated shire council because it sits down at the end of the year, adds up it costs and sheets the total home to the farmer...who has no other option than too use CBH's monopoly. Then the board act slike a Labor/Green alliance with all the imature politickling and the continual kindergarten fight over which socialist idea is the best to impoverish the grain grower of WA.
Hoegrass
1/12/2014 7:05:00 AM, on Farm Weekly

argis, there is certainly no way of avoiding Cbh's excessive charges until the competition gives me choice. Cbh ain't low cost by global comparison, nor do i want the risk of running flour mills in developing countries determining whether my rates rise of fall. and i do blame others for not being able to access MY equity. if an individual sees their company is at risk of going bankrupt they should have every right to pull their investment out.
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