WASHINGTON, Oct. 9, 2017 – CHS Inc., a farmer-owned cooperative that supplies energy, crop nutrients, animal feed, insurance and other services to U.S. agricultural producers, is once again the country’s top revenue producing cooperative.
That’s according to National Cooperative Bank’s annual NCB Co-op 100, which has CHS, based in Saint Paul, Minnesota, maintaining its first-place rating with $30.3 billion in revenues in 2016.
That was more than double the $13.5 billion reported by Dairy Farmers of America, based in Kansas City, Missouri, which earned the number-two ranking. Land O’Lakes, also based in St. Paul, closely followed in third place with revenues of $13.2 billion.
Besides agriculture, the top 100 co-ops rated include businesses involved in grocery, finance, hardware and lumber, healthcare, and energy and communications. In 2016, these businesses posted revenue totaling approximately $208 billion, NCB said.
The economic impact of cooperatives is critical to our economy”, Charles E. Snyder, president and CEO of National Cooperative Bank, said in a release. “Cooperatives can be seen in just about every industry across America, including local food, finance, housing and energy. Whether it's bringing fresh local food through a food co-op or affordable home ownership through a housing cooperative, cooperatives help strengthen communities.”
Agriculture businesses that also placed high in the Co-op 100 include: Growmark, of Bloomington, Ill., in sixth place, $7.03 billion; Ag Processing, of Omaha, Neb., in 11th place, $3.41 billion; and California Dairies of Visalia, Calif., in 13th place, $2.98 billion.
The following are the top revenue producers in 2016 for the NCB Co-op 100's other main sectors:
Grocery:
Wakefern Food Corporation/ Shoprite, based in Keasbey, New Jersey, reported $12.8 billion in revenue, earning the fourth-place ranking. Associated Wholesale Grocers, Inc., based in Kansas City, Kansas, reported revenue of $9.2 billion and earned the fifth position on the list.
Finance:
Navy Federal Credit Union, headquartered in Merrifield, Virginia, earned $5.4 billion in revenues and is number eight on the list. CoBank headquartered in Greenwood Village, Colorado, earned $2.8 billion and came in 14th on the list.
Hardware & Lumber:
ACE Hardware, based in Oak Brook, Illinois, earned $5.1 billion in revenue and came in at number nine on the list. Do-it-Best Corp., located in Fort Wayne, Indiana, earned the 12th place on the list, with $3.0 billion reported in revenue.
Healthcare:
HealthPartners, Inc., located in Bloomington, Minnesota earned $6.0 billion in revenue and is seventh on the list.
Energy & Communications:
Basin Electric Power Cooperative, located in Bismarck, North Dakota earned the 18th position with a reported $2.0 billion in revenue in 2016. Oglethorpe Power Corporation, located in Tucker, Georgia earned the 27th position with reported revenue of $1.5 billion in 2016.
In addition to ranking the top 100 co-ops by revenue, NCB’s report also highlights the many ways co-ops commit to their members, sustainability, education, impact, kindness and their community.
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