Agriculture cooperatives posted record profits last year highlighting the business model the U.S. Department of Agriculture says provides more than 2 million jobs.
The USDA says in a report on Oct. 4 net income for the nation’s 29,000 cooperatives rose in 2015 by 14 percent to a record $7 billion.
Cooperatives have been set up by dairy farmers, fruit and vegetable growers and livestock producers among others. They’re often designed to allow farmers to own and control product marketing and share in the profits.
Iowa is first with 15 of the top 100 cooperatives ranked by revenue followed by Minnesota and Nebraska.
The three largest cooperatives are CHS Inc., a Minnesota-based fuel, grain and food cooperative; Missouri-based Dairy Farmers of America and Minnesota-based Land O’Lakes, a dairy foods and farm supply co-op.
Topics Trends Profit Loss Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
