More of the top 100 agricultural cooperatives are in Iowa than any other state, according to recently released data from the U.S. Department of Agriculture (USDA). The number of top 100 cooperatives in Iowa, 16, was up from 11 a decade ago.
“These statistics underscore what most Iowans already know — the state is extremely important to the nation’s agricultural economy,” Agriculture Secretary Tom Vilsack said. Farmer-owned cooperatives play a major role in making it an agricultural powerhouse.
USDA’s annual list by business volume indicates Minnesota ranks second among the states, with 13. It is followed by Nebraska with nine, Illinois and Wisconsin with five each, then California, Indiana, Kansas, Missouri and Ohio, which are all tied with four.
Looking at business volume where a cooperative has its headquarters, Minnesota ranks first among the states, with $68.8 billion. Missouri is second at $16.2 billion and Illinois is third at $13.2 billion.
CHS Inc. and Land O’ Lakes Inc. of St. Paul, Minn., were No. 1 and 2, respectively, followed by Dairy Farmers of America in 2013 revenue.