Secretary Vilsack Announces that America's Farm Co-ops Set Records in 2011
It's National Cooperative Month: Co-ops set Sales and Income Records, Number of Co-op Jobs Also up
Net income before taxes for all agricultural co-ops was a record $5.4 billion, eclipsing the previous high of $4.9 billion, set in 2008. Net income was up more than 25 percent, or $1 billion, from 2010
http://1.usa.gov/UDXdqP
The year also saw double-digit increases in prices for dairy products, cotton, livestock and grains and oilseeds. Farm production expenses also increased by double-digits in 2011, with feed, fertilizer and fuel prices leading the upward trend. The 2,285 surveyed cooperatives had sales of $213 billion, exceeding 2010 sales by more than $40 billion.
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