Previous Article Next Article FNPI Search Home Previous Year Next Year Year List

SIAP is Planning for Long Term Self-Sufficiency

This is the last year for SIAP Treasury Board Approval. Plans are underway to renew the Program for the longer-term. Towards this end, a major independent evaluation is being conducted. One of the features of the new Program must be a plan for self-sufficiency. SIAP has created Inpro for this purpose. It will become the primary vehicle to build an independent. reliable source of revenues over the long term. Other SIAP subsidiaries like SILCO are already contributing dividends.

Northern Agriculture remains a priority and SIAP has recently completed a Human Resource Development Strategy for Northern Agriculture. Many commercial opportunities exist for further development.

SIAP Marketing has entered into a Joint-Venture (49%) with La Ronge Band to acquire La Ronge Industries. The joint-venture was also successful in its tender for the Mercer River lease. Indian ownership of the Wild Rice Industry is now 52%.

The grain industry has improved prices and many of our clients are seeing light at the end of the tunnel. In the past year, assistance directly from SIAP in excess of $850,000 was provided to 185 farmers. In addition, over $1 million of contributions was arranged from other sources.

The Indian 4-H Program have 1,200 members involved in poultry, gardening and swine projects. SIAP also sponsors an annual 4-H Camp and the new popular Indian Youth in Business Conference.

The long-term strategy to improve Indian productivity and returns continues to be training. In the past year, 138 short courses and workshops were held with 1,328 Indian farmers attending.

SIAP Marketing, a wholly owned subsidiary has been adequately capitalized and has recently opened a 6,000 square foot Distribution Centre in the U.S.

SILCO is making a major contribution to Indian farming. SILCO currently has made 184 direct loans for $2,314,534 and #'s & $'s Loan Guarantees. Losses to date have been 1%. SILCO has received additional Capitalization to continue to grow with its clientele.

Saskatchewan wild rice for sale in the States
Saskatchewan Wild Rice for sale in the States.