Nation's Largest 100 Agriculture Co-ops Post Near-Record Sales
The nation’s 100 largest agriculture cooperatives reported near-record revenue of $118 billion in 2010. This was an increase of 4 percent over 2009 figures. Net income for the 100 top agriculture co-ops was also up more than 10 percent in 2010, reaching $2.39 billion, up from $2.16 billion in 2009.
CHS Inc., a farm supply, grain and foods cooperative based in Saint Paul, MN, topped the list with 2010 revenue of $25.3 billion. Land O’ Lakes, a dairy foods and farm supply co-op, also based in Saint Paul, ranked second, with revenue of $11.1 billion; Dairy Farmers of America, based in Kansas City, Mo., was third with $9.8 billion in 2010 revenue.
Leading the revenue increase from 2009 to 2010 were dairy cooperatives, which saw 2010 revenue climb more than 14.5 percent from the previous year, to $29.5 billion. Dairy cooperatives accounted for more than half of the revenue increase recorded by the top 100 ag co-ops in 2010.
For a complete list of the top 100 cooperatives, go to http://www.rurdev.usda.gov/SupportDocuments/rdTop100AgCoopList04-27-2012.pdf. For a more detailed look at the top 100 Ag Co-ops, see page 16 of the March-April issue of USDA's "Rural Cooperatives" magazine: http://www.rurdev.usda.gov/rbs/pub/openmag.htm.