UFA Announces $28 Million Patronage Dividend
    UFA Announces $28 Million Patronage Dividend
    News

    March 21, 2023

    UFA Announces $28 Million Patronage Dividend

    UFA shared big news today announcing a historic patronage dividend of $28 million back to its membership and fully opening two new locations in Saskatchewan! 

    UFA has consistently delivered patronage to its members, this marks the sixth consecutive year of increased patronage and a 56 per cent increase over last year.

    One of the primary benefits to being a co-operative member is patronage, and this year’s patronage dividend is truly significant. We have expanded our patronage program to reward our membership by paying on more categories of purchases. More products our members use daily on their farm, ranch, or for their business now earn them patronage rewards. We are proud to grow and deliver patronage consistently. At UFA, members can count on their co-operative and on patronage.

    Scott Bolton, President and CEO, UFA

    With a minimum $5,000 purchased in 2022, Patronage will be paid on Clear and Dyed Dieselex® Gold (6 cents per litre), Clear and Dyed Diesel (5 cents per litre), Clear and Dyed Gasoline (1 cent per litre), and 3 per cent on most other purchases, excluding Micro Beef, crop nutrition (i.e. bulk fertilizer and micro-nutrients) and leased purchases.

    We believe good business is rooted in investing in good relationships and consistently rewarding our membership with a growing patronage dividend demonstrates our commitment. We take great pride in our patronage program. As owners of UFA, our success is truly our members' reward.

    Kevin Hoppins, Board Chair, UFA.

    UFA had a very strong fiscal year. In addition to the $28 million patronage dividend, it reported $2.4 billion in financial revenues and $157 million in earnings before interest, taxes, depreciation, and amortization (EBITDA).
    The co-operative continues to invest in core businesses. Along with a multi-phased Saskatchewan expansion, it increased its Dieselex Gold® offering with the premium product available at its new locations. UFA also unveiled plans for a new Red Deer Farm & Ranch Supply store location to be built in Gasoline Alley. It demonstrated its commitment to its customers launching UFA MarketPLACE, expanding its product selection and featuring products not otherwise available in its Farm & Ranch Supply stores. Most importantly, health and safety remained a key priority. UFA first received its COR Certification in 2007 and since 2013, has been consistently at or above a 95 per cent score, with an impressive final score of 96 per cent in the 2022 COR Audit.

    In addition to the $28 million patronage announcement, UFA shared that it officially opened its doors in Weyburn and Yorkton. These sites are part of the expansion of UFA's petroleum business into key markets in central and eastern Saskatchewan. 

    We believe in the value of giving our members and customers choice. People living in or nearby these communities now have another option of where to spend their hard-earned dollars. Expanding our network is part of a concerted strategy to grow from an Alberta-focused fuel and agribusiness co-operative to a western-Canadian leader.

    Scott Bolton, President and CEO, UFA

    Meet the Weyburn and Yorkton Petroleum Agents

    UFA is leveraging its agent operating model at its new locations. The agents are excited to serve their local communities and provide the excellent service that UFA is known for. Jason and Laura Lee Petersen will be operating Weyburn and Mark Lukash is the Yorkton agent.
    Jason, son Korbyn, and Laura Lee Petersen, Weyburn

    Jason, son Korbyn, and Laura Lee Petersen, Weyburn

    Mark Lukash, Yorkton

    Mark Lukash, Yorkton

    The combination of a robust supply chain, one of the largest Cardlock networks in Western Canada, and strong agent partners is essential to the success of UFA’s petroleum business.

    Features of the new UFA petroleum locations:

    • Gasoline and Clear and Dyed Diesel
    • DEF at the pump and UFA, Shell and Chevron branded lubricant products
    • High-speed pumps and wide lanes
    • State-of-the-art warehouse and office
    • Dieselex® Gold. UFA is pleased to offer its exclusive diesel offering to Saskatchewan. This top-tier premium product is engineered to enhance fuel efficiency, reduce maintenance, and increase power.
    UFA is the exclusive distributor of Dieselex® Gold

    UFA is the exclusive distributor of Dieselex® Gold

    See the Dieselex® Gold difference

    UFA also announced Dunmore and Saskatoon as the next locations in UFA's expansion strategy

    The new Dunmore, Alberta petroleum location will complement UFA’s solid operating presence in the region and will eventually replace UFA’s existing petroleum site in the southwest end of Medicine Hat.  
    Saskatoon services a large portion of west and central Saskatchewan and has accessibility from Highway 16 for travelers along the corridor, including from Lloydminster. The new site will be able to service local industrial and agricultural businesses conveniently.
    The 114-year-old member-owned co-operative will continue to grow to service major agribusiness, oil and gas and industrial centres throughout Western Canada. Dunmore, Alberta, and Saskatoon, Saskatchewan, locations will complement UFA’s existing petroleum locations in Alberta and Saskatchewan.  

    UFA is committed to investing in our network and bringing our unique product selection to new locations throughout Western Canada. The regions around Dunmore, Alberta, and Weyburn, Yorkton and Saskatoon, Saskatchewan, and the other markets selected for additional locations are key marketsin Western Canada’s agribusiness and industrial economy. The expansion project will provide significant investment throughout Western Canada and UFA looks forward to serving the local communities where the new petroleum sites will be located. Along with looking at new investment opportunities, we believe it is essential to give back to rural communities we serve, ensuring they thrive well into the future.

    Don Smith, Vice President, Petroleum and Innovation, UFA.

    Weyburn UFA Petroleum Agency

    Weyburn UFA Petroleum Agency

    Stay tuned in the coming months for updates on UFA's Western Canadian expansion and visit UFA.com to see all the member benefits at UFA.
    For more information and for media inquiries contact:
    Founded in 1909, UFA Co-operative Limited is an Alberta-based agricultural co-operative with more than 120,000 member-owners. UFA’s network comprises 113 bulk fuel and Cardlock Petroleum locations, 34 Farm & Ranch Supply stores and a support office located in Calgary, AB. Independent Petroleum Agents and over 1,000 UFA employees provide products, services and agricultural solutions to farmers, ranchers, members and commercial customers in Alberta, British Columbia and Saskatchewan.