Co-ops See Record 2014 Income, Revenue
Wed Oct 7, 2015 03:05 PM CDT

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 ...

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