8 December 2000

Devon Grain surplus

DEVON Grain co-op made a cash surplus of £60,905 in the year-ending June 30, 2000.

Depreciation turned that into a paper loss of £24,831, though this was still half last years figure.

Auditors Dixon Walsh reported that finances and borrowings were extremely manageable and healthy. But chairman, Henry Gent, highlighted the need to expand membership and use of the co-ops services.

About 10% of its 20,000t of storage was available for sale. "Arable farming is changing fast, with, for example, contract farming and FBTs now common. These sorts of people would fit in with us very well," said Mr Gent. &#42