USDA announced that farm co-ops posted record sales and income in 2011.

P. Scott Shearer, Vice President

October 8, 2012

1 Min Read
Farm Co-ops Set Sales and Income Records

USDA announced that farm co-ops posted record sales and income in 2011.  Net income before taxes for all agricultural co-ops was $5.4 billion, compared to the previous high of $4.9 billion in 2008.  Sales were $213 billion, which exceeded 2010 sales by more than $40 billion.  The three largest cooperatives were CHS Inc, St. Paul, MN; Dairy Farmers of America, Kansas City, MO; and Land O’ Lakes, Inc., St. Paul, MN. 

About the Author(s)

P. Scott Shearer

Vice President, Bockorny Group, Inc.

Scott Shearer is vice president of the Bockorny Group Inc., a leading bipartisan government affairs consulting firm in Washington, D.C. With more than 30 years experience in government and corporate relations in state and national arenas, he is recognized as a leader in agricultural trade issues, having served as co-chairman of the Agricultural Coalition for U.S.-China Trade and co-chairman of the Agricultural Coalition for Trade Promotion Authority. Scott was instrumental in the passage of China Permanent Normal Trade Relations and TPA. He is past chairman of the USDA-USTR Agricultural Technical Advisory Committee for Trade in Animals and Animal Products and was a member of the USAID Food Security Advisory Committee. Prior to joining the Bockorny Group, Scott served as director of national relations for Farmland Industries Inc., as well as USDA’s Deputy Assistant Secretary for Congressional Affairs (1993-96), serving as liaison for the Secretary of Agriculture and the USDA to Congress.

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