← 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. Leave a comment for Paul. If you would like to leave a comment for Paul, follow the link above, however, please make sure to include your email address so that he can reply to your comment (your email address will not automatically show up).

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Your email address will not be published.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

    I hope KC does not waste all their hits tonight 3 days ago

    Nothing better (for a farm boy) pic.twitter.com/DUShoT5cpF

    7 days ago

    If you have higher yields or go all corn for the 2014 crop year consider ARC-IC. It may more than offset base acre penalty 1 week ago

    Presenting two farm bill seminars today. Dayton and Walla Walla 1 week ago

    Netflix down $110 in after hours trading. Sign of momentum stocks going flat? 2 weeks ago

    Getting ready to go to LA to defend my son and I APU Alumni golf tournament victory last year. I may have to carry him again 2 weeks ago

    Everybody worried about bubble in land market. They should worry about stock market bubble 2 weeks ago

    77 degrees on October 8. Perfect. 3 weeks ago

    Somehow IRS listed several counties in Iowa as drought stricken. Hard to believe after all the rain this year 1 month ago