USDA under secretary for Rural Development, Dallas Tonsager announced today that America’s ag co-ops experienced a record year in 2011.
“In 2011, 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,” said Tonsager. “Net income was up more than 25 percent, or about $1 billion, from 2010.” Read On