OMAHA (DTN) -- U.S. farmer, rancher and fishery cooperatives posted record income and revenue last year, Ag Secretary Tom Vilsack announced Wednesday.
Vilsack previewed a USDA report to be released later this month that shows cooperatives earned $6.5 billion in net income and generated $246.7 billion in total revenue in 2014, according to a USDA news release.
Net income increased 16.5% while revenue rose 0.4% from 2013. Co-ops set records for income and revenue in 2014 for the fourth year in a row, according the release.
"The nation's co-ops are essential to the U.S. economy and to rural America," Vilsack ...