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What industry is UFA?

Published in Agricultural Cooperative 2 mins read

UFA (United Farmers of Alberta) primarily operates within the agricultural supply industry, functioning as a large agricultural cooperative. While its roots and core identity are deeply embedded in agriculture, UFA has diversified its operations to serve broader needs within rural and urban communities across Western Canada.

UFA's Primary Industry and Cooperative Nature

United Farmers of Alberta's foundational business model is that of an agricultural supply cooperative. This means it is owned by its members, typically farmers and ranchers, who benefit from its services and profits. The primary goal of such a cooperative is to provide essential goods and services to its agricultural members at competitive prices, thereby supporting the viability and growth of farming operations.

Key characteristics of UFA's cooperative nature in the agricultural industry include:

  • Member-owned: Profits are reinvested or returned to members, rather than external shareholders.
  • Support for the agricultural community: Providing inputs, services, and expertise crucial for farming and ranching.
  • Focus on rural development: Contributing to the economic stability of agricultural regions.

Diversified Operations

Beyond its core agricultural supply business, UFA has expanded its offerings significantly. This diversification allows it to serve a wider range of customers and contribute to various sectors.

UFA's product and service categories extend into several other industries, including:

  • Retail: Operating a network of farm and ranch stores offering a wide array of products.
  • Petroleum: Supplying fuel and lubricants for agricultural, commercial, and personal use.
  • Construction: Providing building materials and services, particularly relevant for agricultural infrastructure and rural development.

Company Overview

Attribute Details
Company Type Agricultural supply cooperative
Founded 1909
Headquarters Calgary, Alberta, Canada
Key People Scott Bolton, President & CEO