It’s National Co-op Month! America’s Farm Co-ops Set Records in 2011
Since 1930, America has observed National Co-op month in October and what better way to celebrate the strength and vigor of cooperatives in the United States than to read a new USDA report, which notes that farmer, rancher and fishery cooperatives posted record sales and income in 2011, surpassing the previous record sales year of 2008 by $10 billion. Not only that, cooperatives bested the old income record by $500 million. Net income before taxes for all agricultural co-ops was a record $5.4 billion, eclipsing the previous high set in 2008. Net income was up more than 25 percent, or $1 billion, from 2010. Read more »