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Ag Energy Co-operative upgrades commodity trading and risk management software to facilitate expansion

Ag Energy Co-operative Ltd., Ontario’s largest agricultural energy co-operative, has chosen RiskAdvisory’s SAS BookRunner v12 commodity trading and risk management (CTRM) software solution to expand its analytics, reporting and credit risk management capabilities. RiskAdvisory, a division of SAS, is a provider of integrated risk management and analytics solutions.

Ag Energy, which supplies natural gas, electricity and related services to agricultural organizations in Ontario, including greenhouses, agritech and agrifood firms, began using BookRunner v11 in 2006, when its expanding client base required more complete capture and tracking of energy commodity transaction details. In 2009, Ag Energy began adding more customers when it broadened its definition for membership to enable virtually every type of agricultural business to benefit from its energy supply services.

That membership expansion has led to a nearly 40% increase in natural gas sales volume over the last three years. In response, Ag Energy is upgrading to BookRunner v12 to take advantage of the CTRM solution’s SAS Analytics Workbench component, a graphical tool that runs analytics and builds credit and market risk models in a centralized and controlled environment.

“Ag Energy’s upgrade to RiskAdvisory’s BookRunner v12 software will help satisfy our need to better understand current and future financial exposures,” said Bob Webb, Energy Portfolio Manager for Ag Energy.

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