← FarmCPA Home

Some Interesting Ag Cooperative Facts

By: | Trackback URL | 1 Comment

December 13th, 2012

The USDA issues a bi-monthly newsletter on the Farm Cooperative industry and the latest issue had some interesting facts:

  • Minnesota has the highest number of coops (a distinction held since 1900) with 203.  Texas is second with 187 followed by North Dakota and California.  These numbers are based upon the number of Coops with headquarters in each state, not the total number of locations.
  • There are about 2,200 Ag Coops in the USDA database.
  • Iowa has the largest amount of total sales with about $22.4 billion with Minnesota just behind at $22 billion.
  • Five Midwest states comprise number 1-5 with total dollar volume of about $83 billion.
  • Total dollar volume for all 2,200 Coops in the database was about $215 billion.

The Ag Coop industry continues to be an integral part of the American farming industry and should continue this for many more years.  There is a continuing trend of consolidation in the industry, however, the benefit to the farmer/members remains.

Paul Neiffer, CPA

Paul Neiffer

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul drives combine each summer for his cousins and that is what he considers a vacation.

More Posts - Website

Follow Me:
Twitter

← FarmCPA Home

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Subscribe to this blog by:

Previous Posts

Events

View upcoming speaking engagements and other networking events for Paul Neiffer and CliftonLarsonAllen’s agribusiness team.

See All

  • Twitter Feed

    When "bullish" corn reports lead to flat closes what is Mr. Market telling you. Be careful. 1 week ago

    2010 spring corn price was $3.99. Only four years ago. 2 weeks ago

    Two good days to lock in decent prices on corn and beans. Did you take advantage of the opportunity 2 weeks ago

    Very little change on corn intentions in key corn belt state. Almost all reductions in fringe states such as ND down 1 million acre 3 weeks ago

    North Dakota up 1 million Minnesota up 700k and Nebraska up 600k represent almost half of the 5 million increase in bean acres 3 weeks ago

    Just spoke for 45 minutes on new farm bill to a group of 100 Minnesota and Wisconsin Co-op board members. No one fell asleep. 3 weeks ago

    Hard to beat spring time in the Pacific Northwest. 4 weeks ago

    Kansas City can be windy this time of year. Just got done taping with a farm family. Check it out on #agday next Friday 4 weeks ago

    I think spring has sprung in our area. 1 month ago

    April hogs 116 limit up! Can they hit 120 1 month ago