Nation’s Ag Co-ops Set Record for Annual Sales and Income
Co-ops Set Third Consecutive Sales Record; Jobs Increased by 5 percent Last Year
WASHINGTON, Sept. 30, 2014 – Agriculture Secretary Tom Vilsack today announced that the nation’s farmer, rancher and fishery cooperatives set a new sales record in 2013, with total business volume of more than $246 billion. That surpasses the previous record, set in 2012, by $8 billion, a 4 percent gain. U.S. co-ops also enjoyed robust job growth over the previous year.
This third consecutive year of record sales by ag cooperatives reflects increased sales in the overall farm economy in 2013. U.S. crop production and livestock sales both increased 6 percent in 2013, while production input (farm supply) sales increased 2 percent. Read on
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