NEWS
Co-ops See Record 2011 Income
Todd Neeley DTN Staff Reporter
Tue Oct 2, 2012 02:27 PM CDT

OMAHA (DTN) -- Though widespread drought is expected to eat into national corn and soybean yields, a USDA official said Tuesday that all-time record income reported at U.S. farmer cooperatives in 2011 should help rural communities get through the difficult times.

Farmer, rancher and fishery cooperatives posted record sales and income in 2011, shattering previous record sales in 2008 by about $10 billion and eclipsing the income record by about $500 million, according to information provided by USDA.

Dallas Tonsager, undersecretary for rural development at USDA, said the record numbers will help soften the blow of widespread crop losses from ...

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