Source: MORNING AG CLIPS, 1/4/21

Despite a drop in total gross business revenue from $149.1 billion in 2018 to $147.8 billion in 2019, the nation’s 100 largest agricultural cooperatives reported a record $5.9 billion net income, up $800 million, or 15.6 percent, from the previous record $5.1 billion in 2018 (Figures 1 and 2). The Top 100 ag co-ops also employed a record $67.6 billion in assets in 2019 (Figure 3). The record net income reflects the success of Top 100 co-ops holding in check expenses while also increasing service and other operating income.

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