Farmer co-ops set net income record; gross business volume hits $126.5 billion.
Publication Date: 01-SEP-07
Publication Title: Rural Cooperatives
Format: Online

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Description

Farmer cooperatives had a record $3.2 billion in pre-tax net income in 2006, fueled by farm supply sales--especially by higher prices for petroleum products. This marks the second consecutive year that a new net income record was set. Net income shot up by 24 percent from 2005, when $2.5 billion in net income was reaped by the nation's farmer-owned cooperatives.

Overall farm supply sales increased by almost 17 percent, with...



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