COOPERATIVE STATISTICS 2014

Rural Development

Service Report 78

Grain

Supply

Dairy

All Other

2014

2013

2012

2010

2011
AGRICULTURAL COOPERATIVE STATISTICS 2014

Cooperative Programs

Rural Development

U.S. Department of Agriculture

STOP 3256

1400 Independence Ave., S.W.

Washington, DC 20250 3256

Service Report 78

January 2016

Service Report 78

January 2016

The 2014 agricultural cooperative statistics database was developed by Sarah

Ali, Carolyn Liebrand, and Charita Coleman. This report was prepared by

Carolyn Liebrand and James Wadsworth. USDA Rural Development invites

you to further explore the information generated by the 2014 survey of

cooperatives at: 

http://www.rd.usda.gov/programs-services/all-programs/cooperative-programs. 
CONTENTS

Introduction ..............................................................................................................................................................................................5

Definitions ................................................................................................................................................................................................6

Section I: Overall Financials...........................................................................................................................................................7

Table 1 ..........Summary comparison of 2013 and 2014 selected farmer cooperative statistics......................................................8

Table 2 ..........Combined income statement, U.S. agricultural cooperatives, 2014 and 2013...........................................................9

Table 3 ..........Combined balance sheet, U.S. agricultural cooperatives, 2014 and 2013..................................................................10

Table 4 ..........Combined income statement of U.S. ag co-ops, by operating type, 2014 ..................................................................11

Table 5 ..........Combined income statement of U.S. ag co-ops, by primary product marketed, 2014 .............................................12

Table 6 ..........Combined balance sheet, U.S. ag co-ops, by operating type, 2014 ............................................................................14

Table 7 ..........Combined balance sheet, U.S. ag co-ops, by operating type, 2014 ............................................................................16

Table 8 ..........Combined balance sheet, U.S. ag co-ops, by primary product marketed, 2014........................................................17

Table 9 ..........Combined balance sheet, U.S. ag co-ops, by size, 2014 ...............................................................................................18

Table 10 ........Combined financial ratios, U.S. ag co-ops, by operating type, 2014 and 2013 ..........................................................19

Table 11 ........Combined financial ratios, U.S. ag co-ops, selected primary product marketed, 2014 ...........................................20

Section II: Number of Co-ops, Memberships, and Employees ..........................................................................................21

Table 12 ........Number of ag co-ops, by operating type and State, 2014.............................................................................................22

Table 13 ........Number of U.S. ag co-ops and memberships, by type, 2014 ......................................................................................23

Table 14 ........Ag co-ops and memberships, by total sales volume, 2014 ...........................................................................................24

Table 15 ........Full-time and part-time and seasonal employees of ag co-ops, by type, 2013 and 2014.........................................25

Table 16 ........Number of U.S. ag co-ops and employees by size, 2014...............................................................................................26

Section III: Business Volume, Top Co-ops, and Losses .........................................................................................................27

Table 17 ........Gross business volume of commodities and supplies, U.S. ag co-ops, by State, 2014 ...........................................28

Table 18 ........Net business volume, U.S. ag co-ops, 2014 and 2013....................................................................................................33

Table 19 ........Condensed income statement for Top 100 ag co-ops, 2014 and 2013.........................................................................34

Table 20 ........Abbreviated balance sheet for Top 100 ag co-ops, 2014 & 2013 .................................................................................35

Table 21 ........Top 10 and 100 ag co-ops share compared to all U.S. ag co-ops, 2014 and 2013.....................................................36

Table 22 ........Top 10 and 100 ag co-ops financial ratios, 2013 and 2014.............................................................................................37

Table 23 ........Losses, U.S. ag co-ops, 2013 and 2014.............................................................................................................................38

Section IV: Common-Size Analysis ................................................................................................................................................39

Table 24 ........Common-size income statement, U.S. ag co-ops, by operating type, 2014 ...............................................................40

Table 25 ........Common-size income statement, U.S. ag co-ops, by specific marketing type, 2014 ...............................................41

Table 26 ........Common-size balance sheet, U.S. ag co-ops, by operating type, 2014 ......................................................................42

Table 27 ........Common-size balance sheet, U.S. ag co-ops, by type of marketing cooperative, 2014 ..........................................43
Table 28.1 .....Artificial insemination co-ops, common-size financial statements, by size, 2014....................................................44

Table 28.2 .....Cotton marketing co-ops, common-size financial statements, by size, 2014 ............................................................45

Table 28.3 .....Cotton ginning co-ops, common-size financial statements, by size, 2014 .................................................................46

Table 28.4 .....Dairy marketing co-ops, common-size financial statements, by size, 2014...............................................................47

Table 28.5 .....Fish and seafood marketing co-ops, common-size financial statements, by size, 2014..........................................49

Table 28.6 .....Fresh fruit and vegetable marketing co-ops, common-size financial statements, by size, 2014 ...........................50

Table 28.7 .....Both processed and fresh fruit and vegetable co-ops, common-size financial statements, by size, 2014..........52

Table 28.8 .....Processed fruit and vegetable co-ops, common-size financial statements, by size, 2014 .....................................53

Table 28.9 .....Grain marketing co-ops, common-size financial statements, by size, 2014 ..............................................................54

Table 28.10 ...Livestock marketing co-ops, common-size financial statements, by size, 2014 .......................................................57

Table 28.11 ...Poultry marketing co-ops, common-size financial statements, by size, 2014 ...........................................................58

Table 28.12 ...Nut marketing co-ops, common-size financial statements, by size, 2014..................................................................59

Table 28.13 ...Rice marketing co-ops, common-size financial statements, by size, 2014 ................................................................60

Table 28.14 ...Sugar marketing co-ops, common-size financial statements, by size, 2014 .............................................................61

Table 28.15 ...Miscellaneous marketing co-ops (bioenergy, dry bean, tobacco, wool, seed, other), common-size 

financial statements, 2014 .................................................................................................................................................62

Table 28.16 ...Farm supply co-ops, common-size financial statements, by size, 2014 .....................................................................63

Table 28.17 ...Mixed farm supply co-ops, common-size financial statements, by size, 2014..........................................................66

Table 28.18 ...Miscellaneous service co-ops, common-size financial statements, by type, 2014..................................................69

Section V: Time-Series Tables and Charts .................................................................................................................................73

Table 29 ........Number, memberships, and business volume, of ag co-ops, by operating type, 2005-2014...................................74

Table 30 ........Number of full-time employees of U.S. ag co-ops, by type, 2008-2014.......................................................................75

Figure 1.........Number of ag co-ops, by operating type, 2005-2014......................................................................................................76

Figure 2.........Full-time employees of ag co-ops, 2008-2014 .................................................................................................................76

Figure 3.........Gross business volume of ag co-ops, 2005-2014............................................................................................................77

Figure 4.........Ag co-op memberships, by type, 2005-2014 ....................................................................................................................77

Figure 5.........Net sales of select commodities, ag co-ops, 2005-2014 ...............................................................................................78

Figure 6.........Net sales of select supplies, ag co-ops, 2005-2014 .......................................................................................................78

Figure 7.........Assets, liabilities, and equity, ag co-ops, 2005-2014......................................................................................................79

Appendix ...........................................................................................................................................................................80

Note 1: Methodology ..................................................................................................................................................................................80

Note 2: Financial glossary .........................................................................................................................................................................80
Agricultural cooperative statistics are collected

annually and published to provide information on

the position and trends among the Nation’s

farmer, rancher, and fishery cooperatives. These

statistics are used to support research, technical

assistance, education, and planning related to

cooperatives, as well as for the development of

public policy impacting co-ops. The collection,

analysis, and dissemination of cooperative

statistics by the United States Department of

Agriculture (USDA) are authorized by the

Cooperative Marketing Act of 1926.

Aggregate statistics are reported on the

following pages for business years ending in

calendar year 2014. The information was collected

by a mail survey of all businesses identified by

USDA Rural Development’s Cooperative

Programs as being a farmer, rancher, or fishery

cooperative. See Note 1 in the appendix for

further explanation of the methodology used.

Note 2 provides a financial glossary of the terms

used in the financial tables. 

USDA depends on the response to its annual

survey to develop a detailed and comprehensive

set of statistics on cooperatives. The time and

effort taken by cooperatives to provide the needed

information — and the timeliness with which it is

furnished — are greatly appreciated by USDA

Cooperative Programs.

This report presents 2014 agricultural

cooperative statistics in table and chart format and

consists of five sections: (I) overall financials; (II)

number of co-ops, memberships, and employees;

(III) business volume, top co-ops, and losses; (IV)

common-size analysis; and (V) time-series charts.

Selected highlights are provided at the beginning

of each section, and associated tables follow. 

INTRODUCTION

COOPERATIVE STATISTICS 20145
6 COOPERATIVE STATISTICS 2014

DEFINITIONS

U.S. farmer, rancher, and fishery cooperatives serve several functions for the Nation’s agricultural

producers. Their functions include marketing agricultural products, selling farm supplies, and providing

farm services.1 Many cooperatives market more than one commodity and/or provide supplies and/or

services. The list below describes the various ways cooperatives are classified.

TYPE OR PRODUCT NOTES

Marketing Cooperatives —A majority of business volume is from the sale of members’ products.

Products marketed:2 —Cooperatives are also further classified by the majority of business volume from the sale of a particular product

• Bean and pea (dry edible)

• Cotton —Sales of cottonseed meal are included in feed sales; oil sales are included in “other marketing” sales.

• Cotton ginning

• Dairy —Includes milk and dairy products.

• Fish

• Fruit and vegetable —Includes fresh and processed fruit and vegetables.

• Grain and oilseed —Excludes oilseed meal and oil. Oilseed meal is included in feed sales while oil sales are included in other

marketing sales.

• Livestock 

• Poultry —Includes chicken, eggs, turkeys, ratite, squab, and related products.

• Rice

• Sugar —Includes sugar beets, sugarcane, honey, maple syrup, molasses, and sorghum and related products. 

Other marketing —Includes forest products, hay, hops, seed marketed for growers, nursery stock, ethanol, coffee, 

manufactured food products and other farm products not classified separately. 

Farm supply cooperatives —A majority of business volume from the sale of farm supplies.

Farm products:

• Crop protectants —Chemicals applied to crops for weed and pest control.

• Feed —Animal feed.

• Fertilizer —Liquid and solid fertilizer for crops.

• Petroleum —Includes all types of petroleum products and lubricants as well as bioenergy fuels such as ethanol and biodiesel.

•Seed —Seed for crops.

Other supplies —Includes building materials, containers and packaging supplies, machinery and equipment, meats and groceries,

automotive supplies, hardware, chicks, artificial insemination supplies, and other supplies not separately

identified.

Service cooperatives —A majority of business volume from providing services such as livestock shipping, crop storage, grinding, and/or

drying. Sales include charges for services related to marketing or purchasing, but not included in the volume

reported for those activities.

Membership structures —Cooperative organization can be described according to how their members are organized. All three types are

included in the cooperative numbers.

• Centralized —Individual agricultural producer members.

• Federated —Centralized cooperatives and/or associations are members.

• Mixed —Both individual producers and cooperative/association members.

1

Marketing, farm supply, and service are identified as “operating types” of co-ops.

2

Types of marketing performed are used to further place co-ops in categories, according to the primary product marketed. Some cooperatives have multiple sources of

revenue, so the “primary product” category may change from year-to-year as the level of business volume from each source changes.
Summary Highlights:

• There were 2,106 agricultural cooperatives in

2014 (Table 1).

•There were 80 fewer ag co-ops in 2014 than 2013;

the decrease is largely due to mergers and

acquisitions.

• Memberships in co-ops is essentially the same as

in 2013, at just under 2 million.

• Total employees increased slightly in 2014, to

191,300. Full-time employee numbers were down

while part-time employee numbers were up.

• There were increases in all major financial areas

over 2013.

Operations:

• Total business volume record of $246.7 billion

was set (Table 2).

• Total marketing volume of $147.7 billion was up

$3.1 billion from 2013.

• Total supply sales of $92.6 billion was down $3.3

billion.

• Total expenses of $19.4 billion was down $444

million.

• Net operating margin of $4.9 billion was up $709

billion.

• Net income of $6.5 billion was a new record, up

from 2013 and surpassing the previous record set

in 2012.

Balance Sheet:

• Total assets were $87.1 billion, including own

assets (current, Property, Plant, and Equipment

(PP&E), and other) of $79 billion (Table 3).

• PP&E of $6.1 billion was up 6.2 percent,.

• Investments in other co-ops increased to $8.1 billion.

• Total equity of $37.6 billion increased 8.5 percent.

Ratios

• Overall, ag co-ops showed solid liquidity and

solvency in 2014 (Table 10).

• Return ratios were strong.

Commodities

• Dairy product and livestock marketing revenue

was up significantly in 2014, while grain and

oilseeds revenue was down.

• Feed and fertilizer sales were down, but

petroleum and seed sales increased (Table 2).

• Marketing co-ops had total sales of $127.7 billion

in 2014, supply co-op sales were $112.7 billion,

and service sales were $10.5 million (Table 4).

• Marketing co-ops and supply co-ops had similar

net income after taxes, $3.3 billion and $3.1

billion, respectively.

• Service co-op’s had net income of close to $238

million.

• Grain and oilseed co-ops had the highest net

income among marketing co-ops, at $1 billion.

Fruit and vegetable co-ops came next, with net

income of $598 million, followed by sugar co-ops

at $237 million and dairy co-ops at $96 million

(Table 5).

• The largest co-ops (those with more than $1

billion in sales) had significant sales in dairy, grain

and oilseeds, sugar, livestock, and fruit/vegetables

(Table 6).

COOPERATIVE STATISTICS 2014 7

SECTION I: Overall Financial Statistics

This section (Tables 1-11) provides an overall summary, followed by income statements, balance sheets,

and financial ratios of U.S. agricultural cooperatives for 2014. Some of the analysis is broken out by type

(operating type and primary product marketed) and size. 
TABLE 1—Summary comparison of agricultural cooperative select statistics, 2014 and 2013

2014 2013 Difference Change

Percent

Number of cooperatives (number) 2,106 2,186 (80) (3.70)

Memberships (hundreds) 1,995.7 1,976.7 19 0.96

Gross business volume (billion $) 246.7 246.1 0.6 0.24

Net business volume (billion $) 210.3 208.6 1.7 0.81

Net income before taxes (billion $) 7.0 6.2 0.8 12.90

Net income after taxes (billion $) 6.5 5.6 0.9 16.5

Total assets (billion $) 87.7 82.6 4.5 5.45

Total equity or net worth (billion $) 37.6 34.6 3.0 8.67

Full-time employees (thousands) 135.6 136.2 (0.6) (0.44)

Part-time employees (thousands) 55.7 54.9 0.8 1.46

Total employees (thousands) 191.3 191.1 0.2 0.10

8 COOPERATIVE STATISTICS 2014
TABLE 2—Combined income statement, U.S. ag co-ops, 2014 and 2013

2014 2013 Difference Change

Billion $ Billon $ Million $ Percent

Products Marketed (gross)

Bean and pea (dry edible) 0.238 0.247 (9.0) (3.6)

Cotton 2.254 2.620 (366.5) (14.0)

Cottonseed 0.476 0.459 16.6 3.6 

Dairy 52.394 42.729 9,665.4 22.6 

Fish 0.215 0.185 30.4 16.5 

Fruit and vegetable 8.362 8.157 205.0 2.5 

Grain and oilseed 58.837 67.018 (8,181.1) (12.2)

Livestock 4.948 3.345 1,603.0 47.9 

Nut 1.569 1.337 231.9 17.3 

Poultry 1.353 0.727 626.4 86.2 

Rice 0.935 1.732 (796.9) (46.0)

Sugar 7.758 8.706 (947.6) (10.9)

Tobacco 0.339 0.137 201.7 147.3 

Wool 0.005 0.005 (0.2) (4.1)

Other marketing 8.048 7.211 836.6 11.6 

Total marketing 147.731 144.615 3,115.8 2.2 

Supplies purchased (gross)

Crop protectants 11.530 11.586 (55.6) (0.5)

Feed 13.674 16.183 (2,509.3) (15.5)

Fertilizer 16.251 17.656 (1,405.5) (8.0)

Petroleum 39.211 38.524 687.5 1.8 

Seed 5.791 5.542 248.7 4.5 

Other supplies 6.167 6.442 (275.1) (4.3)

Total supplies 92.624 95.933 (3,309.3) (3.4)

Total gross revenue 240.354 240.548 (193.5) (0.1)

Cost of goods sold 220.233 220.082 151.0 0.1

Gross Margin 20.122 20.466 (344.4) (1.7)

Service receipts 4.184 3.575 609.2 17.0

Gross revenue 24.306 24.042 264.7 1.1 

Expenses

Wages 8.718 9.071 (352.3) (3.9)

Depreciation 2.370 2.224 146.6 6.6 

Interest expense 0.984 0.963 21.5 2.2 

Other expenses 7.370 7.629 (259.6) (3.4)

Total expenses 19.442 19.886 (443.9) (2.2)

Net operating margin 4.864 4.155 708.6 17.1 

Patronage from other co-ops 1.066 1.224 (158.3) (12.9)

Non-operating income (expense) 1.065 0.772 292.4 37.9

Net margin before taxes 6.995 6.152 842.8 13.7 

Taxes 0.529 0.604 (74.6) (12.4)

Net income 6.466 5.548 917.3 16.5 

Total gross business volume 246.670 246.120 549.9 0.2 

Net income from own operations 5.400 4.324 1,075.6 24.9 

COOPERATIVE STATISTICS 2014 9
TABLE 3—Combined balance sheet, U.S. ag co-ops, 2014 and 2013

2014 2013 Difference Change

Billion $ Percent

Current assets 51.444 49.996 1.448 2.9 

Property, plant, and equipment 6.092 5.236 0.855 16.3 

Other assets 21.454 20.194 1.260 6.2

Total, own assets 78.990 75.426 3.564 4.7 

Investments in other cooperatives 8.093 7.131 0.962 13.5

Total assets 87.083 82.558 4.525 5.5

Current liabilities 35.529 34.607 0.922 2.7 

Long-term liabilities 13.958 13.315 0.642 4.8

Total liabilities 49.487 47.923 1.564 3.3 

Allocated equity 22.473 21.545 0.929 4.3 

Retained earnings 15.123 13.091 2.032 15.5

Total equity 37.596 34.636 2.961 8.5

Total liabilities and equity 87.083 82.558 4.525 5.5 

10 COOPERATIVE STATISTICS 2014
TABLE 4—Combined income statement of U.S. ag co-ops, by operating type1

, 2014 

Item Marketing Supplies Service Total

Million $

Products marketed 114,072.8 33,654.6 3.2 147,730.6

Farm supply sales 13,597.6 79,019.0 7.3 92,623.9

Total sales 127,670.4 112,673.6 10.5 240,354.5

Cost of goods sold 115,764.6 104,458.2 9.8 220,232.5

Gross margin 11,905.8 8,215.5 0.7 20,121.9

Service receipts 2,621.0 1,340.2 223.0 4,184.3

Gross revenue 14,526.8 9,555.7 223.7 24,306.2

Wages 4,869.2 3,779.0 70.3 8,718.4

Depreciation 1,331.0 1,024.5 14.7 2,370.2

interest expense 423.5 557.4 3.3 984.2

Other expenses 5,283.8 1,997.9 88.0 7,369.7

Total, operating expenses 11,907.4 7,358.8 176.2 19,442.5

Local savings 2,619.4 2,196.9 47.5 4,863.8

Patronage from other co-ops 421.8 643.3 1.0 1,066.1

Non-operating income 412.9 648.8 3.1 1,064.9

Net income before taxes 3,454.1 3,489.1 51.6 6,994.8

Taxes 150.4 375.7 2.9 529.0

Net income 3,303.7 3,113.4 48.7 6,465.8

Total, gross business volume 131,126.1 115,306.1 237.6 246,669.8

Export sales 4,073.0 1,378.7 15.0 5,466.7

1

See Definitions Table for definitions of operating type.

COOPERATIVE STATISTICS 2014 11

Operating type1
TABLE 5—Combined income statement of U.S. ag co-ops, by primary product marketed, 2014

Grains and 

Item Cotton Cotton Gins Dairy Fruit & Veg Oilseeds Livestock

Million $

Products marketed 2,552.1 333.7 48,094.8 9,026.7 35,766.9 4,536.3

Farm supply sales 193.6 119.5 399.1 68.6 12,595.4 7.8

Total sales 2,745.7 453.2 48,493.9 9,095.4 48,362.2 4,544.1

Cost of goods sold 2,558.1 340.5 45,923.7 6,866.7 45,220.7 4,503.2

Gross margin 187.5 112.7 2,570.2 2,228.7 3,141.5 40.9

Service receipts 49.5 133.8 370.9 245.1 1,503.8 52.0

Gross revenue 237.1 246.4 2,941.1 2,473.8 4,645.3 92.9

Wages 92.3 65.4 1,260.2 936.2 1,655.4 39.0

Depreciation 18.8 22.1 255.5 188.1 589.5 3.4

interest expense 12.8 3.9 105.7 64.1 184.1 4.7

Other expenses 80.6 116.7 1,335.1 729.7 1,563.1 24.1

Total, operating expenses 204.4 208.1 2,956.5 1,918.1 3,992.1 71.2

Local savings 32.7 38.3 –15.5 555.6 653.2 21.7

Patronage from other co-ops 1.2 21.8 21.6 13.0 352.8 1.0

Non-operating income (expense) (58.9) 3.3 84.3 44.4 96.1 1.4

Net income before taxes (25.0) 63.4 90.4 613.0 1,102.1 24.1

Taxes 2.2 0.4 – 5.4 15.2 82.1 0.7

Net income (27.2) 63.0 95.9 597.8 1,020.0 23.4

Total, gross business volume 2,737.5 612.0 48,970.7 9,397.9 50,315.0 4,598.6

Export sales 794.4 0.0 1,130.0 940.9 485.5 0.0

See Definitions Table for definitions of primary product marketed.

This table continues on next page.

12 COOPERATIVE STATISTICS 2014

Primary product marketed
TABLE 5 (continued)—Combined income statement of U.S. ag co-ops, by primary product marketed, 2014

Item Poultry Rice Sugar Fish Other

Million $

Products marketed 959.0 2,072.9 7,771.7 246.9 2,711.9

Farm supply sales 71.0 3.6 44.4 9.9 84.7

Total sales 1,030.0 2,076.5 7,816.1 256.7 2,796.6

Cost of goods sold 914.0 1,596.4 6,299.2 202.0 1,339.9

Gross margin 116.0 480.1 1,516.9 54.7 1,456.6

Service receipts 182.0 21.4 33.0 5.5 24.0

Gross revenue 298.0 501.4 1,550.0 60.2 1,480.6

Wages 58.2 192.0 476.0 25.3 69.2

Depreciation 9.9 41.4 162.0 4.1 36.1

interest expense 2.3 9.8 29.6 1.2 5.2

Other expenses 196.8 236.9 691.7 25.2 283.8

Total, operating expenses 267.3 480.2 1,359.3 55.8 394.3

Local savings 30.7 21.3 190.6 4.4 1,086.3

Patronage from other co-ops 0.1 1.3 8.4 0.0 0.5

Non-operating income (expense) 5.1 – 0.9 53.0 0.4 184.8

Net income before taxes 36.0 21.6 252.0 4.8 1,271.6

Taxes 1.0 2.6 14.8 0.0 36.8

Net income 35.0 19.0 237.2 4.8 1,234.8

Total, gross business volume 1,217.3 2,098.2 7,910.5 262.7 3,005.8

Export sales 42.1 305.3 215.5 0.0 159.4

COOPERATIVE STATISTICS 2014 13

Primary product marketed
TABLE 6—Combined income statement, U.S. ag co-ops, by size, 2014 

Less than $1,000 &

$5 $5–9 $10–14 $15–24 $25–49 $50–99 $100–199 $200–499 $500–999 more

Products Marketed (gross)

Bean & pea (dry edible) 0.0 15.5 0.0 1.2 3.4 77.8 78.2 54.2 0.0 7.8

Cotton 3.4 15.5 8.2 1.0 45.8 6.6 384.6 0.0 1,788.6 0.0

Cottonseed 82.3 76.9 93.6 41.9 61.0 1.6 99.9 15.3 3.2 0.0

Dairy 51.8 67.7 63.2 255.9 351.3 562.6 1,358.7 1,305.0 5,460.7 42,917.6

Fish 23.0 18.0 52.6 34.6 47.6 0.0 0.0 0.0 39.3 0.0

Fruit and veg 71.5 91.3 116.7 107.4 399.9 833.2 1,034.8 1,746.0 1,839.6 2,121.1

Grain and oilseed 79.6 230.4 365.0 1,101.4 2,638.4 5,280.7 5,770.6 12,666.6 9,892.4 20,811.6

Livestock 25.8 22.0 10.1 15.1 36.7 134.2 380.0 409.0 1,004.8 2,910.5

Nut 4.4 7.6 23.2 16.4 23.9 0.3 0.0 0.0 0.0 1,493.0

Poultry 4.5 5.8 0.0 0.0 60.3 44.3 320.2 366.5 46.6 505.3

Rice 4.8 5.1 0.0 18.2 26.4 56.0 0.0 275.4 549.6 0.0

Sugar 2.4 7.8 10.6 20.0 0.0 248.7 322.8 1,978.3 1,486.9 3,680.7

Tobacco 1.2 4.9 0.0 38.0 0.0 0.0 0.0 294.6 0.0 0.0

Wool 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Other marketing 19.8 22.3 13.8 37.7 25.4 230.7 382.7 675.0 335.6 6,304.8

Total marketing 379.4 590.5 757.0 1,688.8 3,719.9 7,476.7 10,132.7 19,785.9 22,447.3 80,752.4

Supplies purchased (gross)

Crop protectants 38.4 85.5 88.6 170.8 426.2 521.5 544.8 1,284.6 837.6 7,532.4

Feed 101.4 198.3 155.4 261.3 448.2 796.2 888.8 1,951.8 1,055.9 7,816.6

Fertilizer 86.1 190.4 219.2 413.2 930.8 1,187.0 1,501.9 2,556.7 2,025.5 7,140.2

Petroleum 156.0 341.0 332.4 922.3 1,500.8 2,164.0 2,332.8 3,872.3 1,510.5 26,079.2

Seed 29.2 63.6 55.0 112.0 236.3 449.4 344.9 807.8 493.9 3,198.7

Other supplies 134.4 234.9 185.0 295.9 557.8 818.9 740.5 1,146.4 372.6 1,680.2

Total supplies 545.4 1,113.7 1,035.6 2,175.4 4,100.2 5,937.0 6,353.6 11,619.6 6,295.9 53,447.4

Total gross revenue 924.8 1,704.2 1,792.6 3,864.3 7,820.1 13,413.7 16,486.3 31,405.5 28,743.2 134,199.8

This table continues on next page.

14 COOPERATIVE STATISTICS 2014

Total sales category (Million $)
TABLE 6 (continued)—Combined income statement, U.S. ag co-ops, by size, 2014

$1,000 &

Item Less than $5 $5–9 $10–14 $15–24 $25–49 $50–99 $100–199 $200–499 $500–999 more

Total gross revenue 924.8 1,704.2 1,792.6 3,864.3 7,820.1 13,413.7 16,486.3 31,405.5 28,743.2 134,199.8

Cost of goods sold 784.5 1,448.3 1,580.0 3,425.4 6,961.6 12,059.3 14,610.5 28,198.2 25,520.2 125,644.5

Gross margin 140.3 255.9 212.6 438.8 858.5 1,354.4 1,875.8 3,207.3 3,223.0 8,555.3

Service receipts 142.8 138.7 117.0 243.1 221.4 408.8 366.6 941.1 780.1 824.8

Gross revenue 283.1 394.6 329.6 681.9 1,079.8 1,763.2 2,242.4 4,148.3 4,003.1 9,380.1

Expenses

Wages 113.5 150.4 152.1 290.8 443.6 677.8 707.0 1,640.6 1,275.4 3,267.1

Depreciation 22.0 33.5 31.2 65.5 107.5 176.3 202.3 419.7 357.9 954.3

Interest expense 6.4 10.2 10.1 15.1 30.0 44.5 58.6 124.7 104.7 579.8

Other expenses 122.9 147.2 151.6 241.0 374.8 641.6 769.1 1,529.0 1,615.3 1,777.3

Total expenses 264.9 341.3 344.9 612.3 955.9 1,540.2 1,737.0 3,714.0 3,353.4 6,578.5

Net operating margin 18.2 53.2 –15.3 69.6 123.9 223.1 505.4 434.4 649.7 2,801.6

Patronage 

from other co-ops 15.9 26.3 27.6 67.7 97.2 141.6 158.5 266.1 143.8 121.4

Non-operating income

(expense) 6.5 8.8 7.2 23.3 35.9 48.7 118.0 277.8 50.4 488.3

Net margin before taxes 40.6 88.4 19.5 160.6 257.0 413.4 781.9 978.2 843.9 3,411.3

Taxes 1.3 6.2 4.0 13.4 23.9 42.5 73.5 136.5 44.4 183.4

Net income 39.3 82.2 15.5 147.2 233.1 370.9 708.4 841.8 799.5 3,227.9

Total gross business 

volume 1,090.1 1,878.0 1,944.4 4,198.4 8,174.6 14,012.9 17,129.4 32,890.4 29,717.5 135,634.3

Percent of all

cooperatives 0.4 0.8 0.8 1.7 3.3 5.7 6.9 13.3 12.0 55.0 

Net income 

from own operations 23.4 55.9 –12.1 79.5 135.9 229.3 550.0 575.7 655.7 3,106.5

Percent of all

cooperatives 0.4 1.0 (0.2) 1.5 2.5 4.2 10.2 10.7 12.1 57.5 

COOPERATIVE STATISTICS 2014 15

Total sales category (Million $)
TABLE 7—Combined balance sheet, U.S. ag co-ops, by operating type, 2014 

Item Marketing Supplies Service Total

Billion $

Current assets 24.5 26.8 0.2 51.4

Property, plant, and equipment 11.1 10.2 0.2 21.5

Other assets 5.4 2.7 0.05 8.1

Total, own assets 41.5 39.6 0.4 81.0

Investments in other cooperatives 2.1 3.9 0.07 6.1

Total assets 43.1 43.5 0.5 87.1

Current liabilities 17.5 17.9 0.1 35.5

Long-term liabilities 7.5 6.4 0.04 14.0

Total liabilities 25.0 24.3 0.2 49.5

Allocated equity 10.8 11.5 0.2 22.5

Retained equity 7.3 7.7 0.1 15.1

Total equity 18.1 19.2 0.3 37.6

Total liabilities & net worth 43.1 43,523.2 0.4 87.1

Number of cooperatives 1,114 876 116 2,106 

16 COOPERATIVE STATISTICS 2014

Operating type
TABLE 8—Combined balance sheet, U.S. ag co-ops, by primary product marketed, 2014

Item Cotton Cotton Gins Dairy F & V1 Grains

Billion $

Current assets 0.631 0.152 5.433 3.126 11.268

Property, plant, and equipment 0.183 0.175 2.678 1.034 5.103

Other assets 0.068 0.016 1.840 1.088 0.759

Total, own assets 0.883 0.343 9.951 5.247 17.130

Investments in other 

cooperatives 0.009 0.053 0.184 0.090 1.683

Total assets 0.892 0.396 10.135 5.337 18.812

Current liabilities 0.489 0.113 4.723 1.585 8.182

Long-term liabilities 0.052 0.054 2.390 1.157 2.525

Total liabilities 0.542 0.167 7.113 2.742 10.707

Allocated equity 0.155 0.184 2.404 2.159 3.600

Retained equity 0.196 0.045 0.619 0.435 4.505

Total equity 0.350 0.229 3.022 2.595 8.105

Total liabilities & net worth 0.892 0.396 10.135 5.337 18.812

Number of cooperatives 12 120 118 131 480

Item Livestock Poultry Rice Sugar Fish Other2

Billion $

Current assets 0.597 0.234 0.656 1.604 0.054 0.730

Property, plant, and equipment 0.034 0.086 0.290 1.157 0.028 0.375

Other assets 0.021 0.010 0.004 1.122 0.007 0.425

Total, own assets 0.653 0.329 0.950 3.883 0.088 1.530

Investments in other 

cooperatives 0.012 0.003 0.059 0.035 0.000 0.007

Total assets 0.665 0.332 1.009 3.917 0.088 1.538

Current liabilities 0.515 0.094 0.290 1.150 0.043 0.321

Long-term liabilities 0.034 0.038 0.284 0.613 0.011 0.312

Total liabilities 0.549 0.132 0.574 1.763 0.054 0.633

Allocated equity 0.088 0.082 0.154 1.562 0.024 0.382

Retained equity 0.027 0.118 0.281 0.592 0.010 0.523

Total equity 0.115 0.200 0.435 2.154 0.034 0.905

Total liabilities & net worth 0.665 0.332 1.009 3.917 0.088 0.730

Number of cooperatives 88 12 10 29 38 76 

COOPERATIVE STATISTICS 2014 17

Primary product marketed

Primary product marketed
TABLE 9—Combined balance sheet, U.S. ag co-ops, by size, 2014 

Less 1,000 &

than $5 5–9 10–14 15–24 25–49 50–99 100–199 200–499 500–999 more

Million $ 

Current assets 336.2 551.0 538.8 1,034.0 2,078.9 3,372.0 3,878.7 7,684.5 6,154.9 25,815.1

Property, plant, and 

equipment 200.0 262.9 261.0 539.8 882.1 1,506.8 1,739.7 3,927.1 2,953.5 9,181.0

Other assets 48.6 84.4 24.7 92.3 130.8 195.3 803.9 907.4 536.5 5,269.1

Total, own assets 584.8 898.2 824.5 1,666.1 3,091.8 5,074.1 6,422.3 12,519.0 9,644.9 40,265.2

Investments 

in other cooperatives 60.6 179.1 127.2 285.0 497.3 653.0 651.7 1,235.9 734.4 1,667.7

Total assets 645.4 1,077.3 951.7 1,951.1 3,589.1 5,727.1 7,074.0 13,754.9 10,379.4 41,932.9

Current liabilities 192.4 335.7 351.0 690.0 1,440.2 2,441.9 2,825.9 5,351.5 3,865.5 18,035.1

Long-term liabilities 75.8 89.2 111.7 178.3 315.1 503.6 756.0 2,245.8 1,606.0 8,076.1

Total liabilities 268.2 424.9 462.7 868.3 1,755.3 2,945.5 3,581.9 7,597.3 5,471.6 26,111.2

Allocated equity 269.7 407.1 300.1 644.9 1,063.5 1,416.7 1,486.5 2,892.7 3,062.7 10,929.4

Retained earnings 107.5 245.3 188.9 437.9 770.2 1,364.8 2,005.7 3,264.9 1,845.1 4,892.4

Total equity 377.2 652.4 489.0 1,082.8 1,833.8 2,781.5 3,492.1 6,157.7 4,907.8 15,821.7

Total liabilities and 

equity 645.4 1,077.3 951.7 1,951.1 3,589.1 5,727.1 7,074.0 13,754.9 10,379.4 41,932.9

Percent of all ag co-ops 0.7 1.2 1.1 2.2 4.1 6.6 8.1 15.8 11.9 48.2 

18 COOPERATIVE STATISTICS 2014

Total sales category (Million $)
TABLE 10—Combined financial ratios, U.S. ag co-ops, by operating type, 2014 and 2013

2014 2013

Measure1 Marketing Supply Service Total Total

Ratio

Current ratio 1.40 1.50 1.37 1.45 1.44 

Debt-to-assets 0.58 0.56 0.38 0.57 0.58 

Long-term-debt-to-equity 0.41 0.34 0.16 0.37 0.38 

Times interest earned 9.16 7.26 16.49 8.11 7.39 

Fixed asset turnover 11.46 11.08 0.07 11.20 11.91 

Equity to assets 0.42 0.44 0.62 0.43 0.42 

Percent

Gross margin2 9.33 7.29 6.57 8.37 8.51 

Net operating margin3 2.05 1.95 20.33 2.02 1.73 

Return on total assets4 8.99 9.30 12.53 9.16 8.62 

Return on member equity5 30.61 27.09 25.65 28.77 25.75

1 See Appendix Note 2 for definitions of ratios.

2 Gross margin = (total sales minus cost of goods sold)/total sales.

3 Net operating margin = total sales plus service receipts less cost of goods sold and total expenses)/total sales. 

(For service cooperatives, service receipts are included in denominator.)

4 Return on assets = (net income before taxes and interest)/total assets.

5 Return on member equity = net margin after taxes/allocated equity.

COOPERATIVE STATISTICS 2014 19
TABLE 11—Combined financial ratios, U.S. ag co-ops, selected primary product marketed, 2014

Cotton Fruits Grains Livestock

Measure & Cotton Gins Dairy & Veg. & Oilseeds & Poultry Rice Sugar Fish 

Ratio

Current ratio 1.30 1.15 1.97 1.38 1.36 2.26 1.39 1.25 

Debt-to-assets 0.55 0.70 0.51 0.57 0.68 0.57 0.45 0.62 

Long-term-debt-to-equity 0.18 0.79 0.45 0.31 0.23 0.65 0.28 0.34 

Times interest earned 3.30 1.86 10.56 6.99 6.15 3.19 9.51 4.95 

Fixed asset turnover 8.94 18.11 8.80 9.48 46.24 7.15 6.76 9.34 

Equity to assets 0.45 0.30 0.49 0.43 0.32 0.43 0.55 0.38 

Percent

Gross margin 9.38 5.30 24.50 6.50 2.81 23.12 19.41 21.31 

Net operating margin 2.22 (0.03) 6.11 1.35 0.94 1.02 2.44 1.69 

Return on total assets 4.27 1.94 12.69 6.84 6.74 3.11 7.19 6.84 

Return on member equity (17.57) 3.99 27.68 28.33 34.42 12.35 15.19 20.21 

20 COOPERATIVE STATISTICS 2014
Highlights

• Minnesota has the most ag co-ops headquartered

in it, with 186. It is followed by Texas with 177,

North Dakota with 142, Wisconsin with 113, and

California with 109 ag co-ops (Table 12).

• Texas is home to the largest number of marketing

co-ops with 126, followed by Minnesota with 89. 

• Minnesota is home to the largest number of

supply and service co-ops with 97, followed by

North Dakota with 71.

• Grain and oilseed were sold by 683 co-ops, with

these crops accounting from more than 50

percent of all sales for 480 of these co-ops (Table

13).

• Fruit and vegetables accounted for more than 50

percent of sales made by 131 co-ops. 

• Dairy co-ops handle more than 80 percent of the

Nation’s milk, the largest co-op share of any

major ag commodity. Dairy products were sold by

127 co-ops, with dairy accounting for more than

50 percent of sales for 118 of these co-ops. 

• There are 1,114 U.S. marketing co-ops and 992

supply and service co-ops (Table 13).

Co-op numbers by size

• Most (667) ag co-ops do less than $5 million in

sales, but they do only $1 billion of total business

(Table 14). These co-ops have 189,000 members,

or about 9.5 percent of all co-op memberships. 

• There are 262 co-ops with $5 million to $10

million in annual sales; 262 co-ops have sales of

$25 million to $50 million, the latter group

accounting for 3.3 percent of all co-op business.

• Another 30 co-ops have annual sales of $1 billion

or more. Total business volume for this group is

$135.6 billion, or 55 percent of the business

volume of all ag co-ops.

Memberships and employees

• The 30 largest co-ops have 364,000 members, or

18.3 percent of all co-op memberships.

• Total employees were up slightly from 2013, due

to increased part-time/seasonal employees (Table

15). Full-time employee numbers fell slightly. 

• Marketing co-ops had 76,000 full-time

employees, while supply co-ops had 59,000

workers in 2014.

• Grain and oilseed co-ops had 24,000 full-time

employees, followed by dairy co-ops with 20,000.

Next were fruit and vegetable co-ops with 14,000

full-time employees. Fruit and vegetable co-ops

had the most part-time or seasonal employees;

when counting seasonal staff, they had more

employees than did dairy co-ops. 

COOPERATIVE STATISTICS 2014 21

SECTION II: Number of Co-ops, Memberships, and Employees

Section II (Tables 12–16) provides tables showing the number of co-ops by operating type, primary

product marketed, State, and size. It is important to note that for table 12, the State is where the

cooperative is headquartered; many co-ops do business, and have members, in multiple States.
State2 Marketing Supply and Service Total

Number

Alabama 7 40 47

Arkansas 11 21 32

California 71 38 109

Colorado 13 13 26

Florida 19 10 29

Georgia 5 7 12

Hawaii 5 8 13

Idaho 15 8 23

Illinois 69 35 104

Indiana 9 24 33

Iowa 64 27 91

Kansas 59 30 89

Kentucky 7 19 26

Louisiana 11 21 32

Maryland 5 9 14

Massachusetts 3 5 8

Michigan 18 22 40

Minnesota 89 97 186

Mississippi 17 30 47

Missouri 20 37 57

Montana 17 25 42

Nebraska 29 19 48

New York 40 11 51

North Carolina 7 4 11

North Dakota 71 71 142

Ohio 29 11 40

Oklahoma 22 28 50

Oregon 19 13 32

Pennsylvania 19 13 32

South Dakota 32 38 70

Tennessee 3 57 60

Texas 126 51 177

Utah 5 7 12

Virginia 13 39 52

Washington 36 24 60

West Virginia 4 9 13

Wisconsin 64 49 113

Wyoming 5 5 10

Other States2 56 17 73

United States3 1,114 992 2,106

22 COOPERATIVE STATISTICS 2014

TABLE 12—Number of ag co-ops, by operating type and State, 2014

Operating type1

1 Includes centralized and federated cooperatives and

those with mixed organizational structures. Number of

cooperatives by predominate business activity.

2 Location of cooperative headquarters. 

3 There were 876 supply co-ops and 116 service in 2014
TABLE 13—Number of U.S. ag co-ops and memberships, by type, 2014 

Cooperatives with Cooperatives with Majority 

Type Sales of Item1 of Sales from Item2 Memberships3

Beans and peas, dry 19 3 594

Cotton 119 12 25,957

Cotton gins 151 120 20,473

Dairy 127 118 45,470

Fish 38 38 5,363

Fruits & vegetables 149 131 22,218

Grains and oilseeds 683 480 394,260

Livestock 108 88 57,772

Nuts 17 13 9,258

Poultry 22 12 545

Tobacco 5 5 14,714

Wool 40 38 8,367 

Rice 12 10 8,922

Sugar 30 29 9,450

Other 87 17 3,873

Marketing 1,334 1,114 627,236

Farm supply 1,506 876 1,333,276

Services 1,654 116 35,227

Total 2,106 2,106 1,995,739

1 Cooperatives with >$1 in sales of item. Many cooperatives market more than one commodity and/or provide supplies and/or services.

2 Number of cooperatives by predominate business activity. 

3 Includes voting farmer-members, but not nonvoting patrons. Memberships include members in cooperatives predominantly marketing each product. Agricultural

producers are typically members of more than one cooperative—for example a marketing cooperative as well as a farm supply cooperatives.

COOPERATIVE STATISTICS 2014 23
TABLE 14—Ag co-ops and memberships, by total sales volume, 2014

$ volume group

Number Percent Billion $ Percent 1,000 Percent

Less than $5 million 667 31.7 1.09 0.4 189 9.5

$5 to $9 million 262 12.4 1.88 0.8 131 6.6

$10 to $14 million 160 7.6 1.94 0.8 81 4.0

$15 to $24 million 212 10.1 4.20 1.7 160 8.0

$25 to $49 million 236 11.2 8.17 3.3 207 10.4

$50 to $99 million 204 9.7 14.01 5.7 190 9.5

$100 to $199 million 118 5.6 17.13 6.9 168 8.4

$200 to $499 million 142 6.7 32.89 13.3 342 17.1

$500 to $999 million 75 3.6 29.72 12.0 163 8.2

$1 billion or more 30 1.4 135.63 55.0 364 18.3

Total 2,106 100.0 246.67 100.0 1,996 100.0

24 COOPERATIVE STATISTICS 2014

Cooperatives Dollar Volume Memberships
TABLE 15—Full-time and part-time and seasonal employees of ag co-ops, by type, 2013 and 2014

Principal products(s) Part-time & Part-time & 

marketed or major function Total Full-time Seasonal Total Full-time Seasonal

Thousands Thousands

Products marketed

Bean and pea (dry edible) 0.0 0.0 0.0 0.2 0.2 0.0

Cotton 3.6 3.3 0.2 4.6 4.4 0.2

Cotton ginning 2.9 0.8 2.1 3.5 1.1 2.4

Dairy 22.0 20.3 1.7 22.0 21.0 1.1

Fish 0.9 0.7 0.2 0.9 0.7 0.2

Fruit and vegetable 28.3 13.6 14.7 30.5 14.2 16.3

Grain and oilseed 32.8 23.6 9.3 33.2 23.5 9.7

Livestock and poultry 3.4 2.3 1.1 3.3 2.3 1.1

Rice 2.6 2.2 0.4 2.7 2.5 0.2

Sugar 12.2 6.9 5.3 11.8 6.9 4.9

Other marketing1 2.4 1.9 0.4 2.7 1.8 0.9

Total marketing 111.3 75.9 35.4 115.5 78.4 37.1

Total supplies 77.0 58.5 18.5 73.6 56.6 17.0

Total services 3.0 1.2 1.8 2.0 1.2 0.8

Total 191.3 135.6 55.7 191.1 136.2 54.9

1 Includes nut, tobacco, wool co-ops, and other farm products not classified separately.

COOPERATIVE STATISTICS 2014 25

2014 Employees 2013 Employees
TABLE 16—Number of U.S. ag co-ops and employees by size, 2014 

Less 1,000 &

Item than $5 5–9 10–14 15–24 25–49 50–99 100–199 200–499 500–999 more

Ag co-ops (number) 667 262 160 212 236 204 118 142 75 30

Percent of all

cooperatives 31.7 12.4 7.6 10.1 11.2 9.7 5.6 6.7 3.6 1.4

Memberships 

(thousands) 189.2 131.0 80.8 159.8 206.8 189.5 168.3 342.3 163.5 364.4

Full time employees 

(thousands) 2.5 3.0 2.7 4.6 7.2 11.1 11.2 23.1 19.6 50.6

Part time emp. 

(thousands) 3.1 2.2 2.7 2.5 4.6 6.7 4.6 13.1 9.2 7.0

Total employees 

(thousands) 5.5 5.2 5.4 7.2 11.8 17.7 15.8 36.2 28.8 57.6

26 COOPERATIVE STATISTICS 2014

Total sales category (Million $)
SECTION III: Business Volume, Top Co-ops, and Losses

This section (Tables 17 through 24) presents cooperative sales volume of commodities and inputs by State,

top 10 and top 100 ag co-ops, as well as ag co-ops that had losses. The 2014 data are compared to 2013

data. 

Highlights

• Minnesota had the most ag co-op sales of any

State, with $29.2 billion in 2014. The majority of

these sales were earned form marketing crop and

livestock products. (Table 17). 

• Iowa was second with $25.1 billion in sales,

followed by California ($14 billion), Wisconsin

($13.8 billion), Nebraska ($12.3 billion), Missouri

($12 billion), North Dakota ($11.1 billion), and

Kansas ($10 billion).

• For supply sales, Iowa was the top State with

$11.4 billion, followed by Illinois ($8.6 billion),

Minnesota ($7 billion), Nebraska ($5.1 billion),

Indiana ($4.5 billion), and Missouri ($4.4 billion).

• Minnesota was first in service receipts with $1.3

billion, followed by Iowa with $716 million.

• Ag co-ops had sales of $1.4 billion in foreign

markets.

Largest Ag Co-ops

• The Top 100 largest ag co-ops (as defined by total

gross business volume) had record business

volume $176.6 billion in 2014, or 72 percent of all

ag co-op business volume (Table 19). Net income

was a record $4.3 billion (66 percent of net

income for all ag co-ops). 

• Total assets of the Top 100 co-ops were $57

billion (65 percent of total assets for all ag coops), while member equity was $22.8 billion, of

which $15 billion was allocated (Table 20).

• The Top 10 largest ag co-ops accounted for 43

percent of co-op gross business volume and 6

percent of net income of all ag co-ops (Table 21).

• The Top 10 ag co-ops also had 38 percent of the

total assets and 31 percent of the total equity of all

ag co-ops.

Losses

• 231 ag co-ops experienced losses (negative net

income before taxes) in 2014, compared to 222 in

2013 (Table 23). 

• The group that suffered losses in 2014 included

134 marketing, 79 farm supply, and 18 service coops. The largest commodity segment for losses

was grain/oilseed, where 40 co-ops ended the year

with red ink, followed by dairy, with 26 co-ops

suffering losses in 2014. 

COOPERATIVE STATISTICS 2014 27
TABLE 17—Gross business volume of commodities and supplies, U.S. ag co-ops, by State, 2014 

Item AL AR AZ CA CO FL GA IA ID IL

Million $

Bean and pea 0.0 0.0 0.0 15.8 0.0 0.0 0.0 0.0 31.8 0.0

Cotton 117.5 66.9 84.8 62.6 0.0 46.4 303.8 0.0 0.0 0.0

Cotton ginning 5.4 37.2 26.1 72.7 0.3 0.0 15.7 0.0 0.0 0.0

Fish 39.3 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.0

Fruit and vegetable 0.1 0.8 88.8 3,193.3 6.7 862.6 12.7 0.6 17.5 0.1

Grain and oilseed 228.4 185.4 0.0 8.3 260.4 0.0 0.0 9,029.3 142.3 5,964.7

Livestock 11.3 18.6 8.0 34.0 80.8 68.6 0.0 763.2 97.4 658.0

Milk 0.0 253.7 969.4 7,342.3 0.0 151.5 147.3 2,082.3 551.7 2,267.9

Nut 0.5 0.0 0.0 1,504.6 0.0 0.0 10.6 0.0 0.0 0.0

Poultry 0.0 0.0 0.0 340.1 53.6 0.0 0.0 182.7 0.3 0.0

Rice 0.0 409.4 0.0 328.3 0.0 0.0 0.0 0.0 0.0 0.0

Sugar 0.4 4.5 0.4 27.6 309.0 448.7 0.3 0.8 788.2 0.0

Tobacco 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Other, including wool 63.8 1,011.6 4.0 44.1 3.3 14.8 12.5 1,599.1 1.5 28.8

Total, products 

marketed 466.6 1,988.0 1,181.4 12,975.0 714.0 1,592.6 502.9 13,658.0 1,630.8 8,919.6

Crop protectants 66.0 299.4 7.7 61.4 41.0 65.4 352.2 2,216.1 53.8 1,171.0

Feed 94.7 67.1 71.6 424.9 141.1 143.8 89.5 2,224.9 703.5 466.6

Fertilizer 105.8 129.2 0.2 208.7 78.7 71.2 106.5 2,913.7 1.1 1,748.9

Petroleum 12.5 215.4 0.0 5.0 1,009.5 6.5 702.1 2,918.6 839.6 4,112.6

Seed 43.4 60.2 1.3 27.2 30.3 4.6 42.7 803.7 25.8 823.3

Other supplies 62.6 86.1 62.5 274.7 92.5 70.1 72.4 358.5 82.7 278.7

Total, farm 

supplies 384.9 857.4 143.2 1,001.8 1,393.0 361.5 1,365.5 11,435.5 1,706.5 8,601.1

Total sales 851.5 2,845.4 1,324.6 13,976.8 2,107.0 1,954.1 1,868.4 25,093.5 3,337.2 17,520.6

Service receipts 

and other income 26.5 57.9 13.5 406.8 53.3 103.7 4.7 716.5 87.7 450.9

Gross business 

volume 878.0 2,903.3 1,338.1 14,383.6 2,160.3 2,057.8 1,873.1 25,810.0 3,424.9 17,971.5

Business between 

cooperatives 90.3 324.8 134.3 1,263.8 551.9 817.6 644.3 3,069.5 1,516.9 2,329.6

Net business 

volume 787.7 2,578.5 1,203.8 13,119.8 1,608.4 1,240.2 1,228.8 22,740.5 1,908.0 15,642.0

Number of co-ops 

doing business 

in State 53 44 19 122 37 39 28 111 35 123

This table continues on next page.

28 COOPERATIVE STATISTICS 2014
TABLE 17 (continued)—Gross business volume of commodities and supplies, U.S. ag co-ops, by State, 2014 

Item IN KS KY LA MI MN MO MS MT

Million $

Bean and pea 0.0 0.0 0.0 0.0 46.6 2.8 0.0 0.0 15.5

Cotton 0.0 18.5 0.0 50.0 0.0 0.1 40.6 200.0 0.0

Cotton ginning 0.0 0.0 0.0 18.2 0.0 0.0 4.3 11.3 0.0

Fish 0.0 0.0 0.0 0.9 0.0 1.1 0.0 0.0 0.0

Fruit and vegetable 0.1 0.0 1.1 0.0 838.4 0.4 0.1 0.1 1.2

Grain and oilseed 659.8 4,083.6 546.7 845.0 262.8 10,750.7 2,038.1 534.3 1,026.6

Livestock 284.8 236.8 210.2 0.0 194.1 231.2 205.3 22.0 53.6

Milk 880.6 1,821.2 26.4 0.0 1,820.3 5,142.0 4,841.7 8.8 0.2

Nut 0.0 0.0 0.0 0.3 0.0 0.0 0.1 0.0 0.0

Poultry 0.0 0.0 0.0 0.0 230.8 39.5 155.1 0.0 0.3

Rice 0.0 0.0 0.0 16.2 0.0 3.3 0.2 133.4 0.0

Sugar 0.0 0.1 0.0 836.3 486.8 3,756.1 0.6 0.1 93.0

Tobacco 0.0 0.0 22.9 0.0 0.0 0.0 0.0 0.0 0.0

Other, including wool 4.0 5.3 4.9 36.1 3.0 2,312.7 311.5 120.3 1.0

Total, products 

marketed 1,829.4 6,165.5 812.1 1,803.1 3,883.0 22,239.7 7,597.6 1,030.3 1,191.5

Crop protectants 389.9 363.0 119.6 174.1 59.7 787.1 271.3 149.7 346.1

Feed 306.9 307.5 120.0 120.8 227.1 1,567.8 360.6 215.8 103.6

Fertilizer 640.6 599.2 283.3 40.8 114.9 1,264.9 721.3 29.3 472.3

Petroleum 2,823.3 2,294.4 253.8 30.4 998.6 2,219.2 2,774.9 17.1 1,193.6

Seed 275.3 216.6 68.5 42.3 37.6 683.8 178.4 43.2 44.8

Other supplies 90.5 135.4 107.3 37.9 126.1 467.3 133.9 54.5 119.5

Total, farm 

supplies 4,526.5 3,916.2 952.6 446.2 1,564.0 6,990.1 4,440.3 509.6 2,279.8

Total sales 6,355.9 10,081.7 1,764.6 2,249.3 5,447.0 29,229.8 12,037.9 1,539.9 3,471.3

Service receipts 

and other income 180.9 305.4 11.1 -8.9 64.6 1,267.8 284.8 37.7 31.8

Gross business 

volume 6,536.8 10,387.1 1,775.7 2,240.4 5,511.6 30,497.6 12,322.7 1,577.6 3,503.1

Business between 

cooperatives 1,789.6 1,536.0 237.4 185.7 876.6 3,545.7 1,691.5 209.9 818.3

Net business 

volume 4,747.3 8,851.1 1,538.3 2,054.6 4,635.0 26,951.8 10,631.3 1,367.7 2,684.8

Number of co-ops 

doing business 

in State 44 108 24 44 60 203 78 54 55

This table continues on next page.

COOPERATIVE STATISTICS 2014 29
TABLE 17 (continued)—Gross business volume of commodities and supplies, U.S. ag co-ops, by State, 2014

Item NC ND NE NM NV NY OH OK OR

Million $

Bean and pea 0.0 81.6 33.3 0.0 0.0 0.0 0.0 0.0 0.0

Cotton 164.7 0.0 0.0 0.1 0.0 0.0 0.0 60.6 0.0

Cotton ginning 1.7 0.0 0.0 5.5 0.0 0.0 0.0 5.0 0.0

Fish 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Fruit and vegetable 16.5 21.1 0.0 0.0 0.0 82.4 8.9 0.0 664.4

Grain and oilseed 0.0 5,316.2 5,160.3 0.8 0.0 0.0 2,340.6 236.3 1,478.9

Livestock 0.0 59.7 36.2 0.0 4.0 124.9 326.8 145.5 111.6

Milk 133.4 412.6 1,932.9 550.4 0.0 3,038.9 410.2 916.4 1,144.1

Nut 0.0 0.0 0.0 0.3 0.0 0.0 0.0 1.5 21.2

Poultry 0.0 2.9 0.0 0.6 0.0 0.0 44.9 0.0 0.0

Rice 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Sugar 0.0 811.7 22.3 0.0 0.0 0.2 0.0 0.0 50.7

Tobacco 294.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Other, including wool 16.0 33.6 5.1 2.5 1.3 201.7 360.2 4.1 64.4

Total, products 

marketed 626.9 6,739.4 7,190.1 560.2 5.2 3,448.1 3,491.7 1,369.5 3,535.4

Crop protectants 41.4 475.3 800.7 0.8 0.6 57.5 267.8 66.1 461.3

Feed 82.1 188.9 458.5 35.8 32.9 124.9 427.2 187.7 259.4

Fertilizer 120.0 515.9 1,295.6 1.1 1.0 54.0 614.8 148.0 596.8

Petroleum 21.6 2,277.6 2,117.8 1.2 0.0 4.1 782.2 1,596.2 971.0

Seed 29.9 331.3 298.0 3.5 1.7 16.5 244.7 15.6 112.8

Other supplies 52.1 610.5 187.3 4.3 29.0 138.1 110.8 65.4 299.3

Total, farm 

supplies 347.2 4,399.6 5,157.8 46.7 65.1 395.1 2,447.6 2,079.1 2,700.6

Total sales 974.0 11,139.0 12,348.0 606.9 70.4 3,843.2 5,939.4 3,448.5 6,236.0

Service receipts 

and other income 5.8 192.5 465.7 16.9 0.0 29.8 182.4 71.0 31.7

Gross business 

volume 979.8 11,331.5 12,813.6 623.8 70.4 3,873.0 6,121.8 3,519.5 6,267.7

Business between 

cooperatives 135.2 887.7 1,393.3 36.0 24.1 441.5 607.3 1,414.4 936.0

Net business 

volume 844.6 10,443.8 11,420.3 587.8 46.2 3,431.6 5,514.5 2,105.1 5,331.8

Number of co-ops 

doing business 

in State 20 160 66 17 8 63 53 67 43 

This table continues on next page.

30 COOPERATIVE STATISTICS 2014
TABLE 17 (continued)—Gross business volume of commodities and supplies, U.S. ag co-ops, by State, 2014

Item PA SC SD TN TX UT VA WA WI WY

Million $

Bean and pea 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.5 0.0 1.1

Cotton 0.0 51.3 0.0 48.6 914.9 0.0 22.3 0.0 0.0 0.0

Cotton ginning 0.0 0.0 0.0 24.0 242.0 0.0 0.0 0.0 0.0 0.0

Fish 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48.8 0.0 0.0

Fruit and vegetable 409.8 0.0 0.0 0.0 92.3 68.9 5.8 757.2 474.6 0.0

Grain and oilseed 2.2 0.7 4,191.0 9.4 938.9 0.0 3.4 1,646.7 478.5 0.0

Livestock 0.4 0.0 32.0 0.0 163.5 79.6 1.9 1.0 621.5 51.0

Milk 1,821.7 47.0 659.8 72.1 2,180.0 1.1 384.1 2,228.1 6,704.8 0.0

Nut 0.0 0.0 0.0 0.0 17.1 0.0 12.6 0.0 0.0 0.0

Poultry 0.0 0.0 0.0 0.0 0.0 131.6 3.0 0.1 46.6 0.0

Rice 0.0 0.0 0.0 0.0 44.7 0.0 0.0 0.0 0.0 0.0

Sugar 0.0 0.0 13.5 0.0 70.1 0.7 0.0 9.3 1.1 21.2

Tobacco 0.0 0.0 0.0 21.2 0.0 0.0 0.0 0.0 0.0 0.0

Other, including wool 5.3 0.1 42.1 38.7 137.1 31.4 212.0 14.4 779.7 0.5

Total, products 

marketed 2,239.4 99.1 4,938.3 214.1 4,800.6 313.3 645.1 4,715.1 9,106.8 73.8

Crop protectants 136.3 16.2 623.3 193.9 145.2 20.0 38.9 605.2 513.3 3.9

Feed 186.5 37.1 405.4 322.3 694.5 164.2 284.7 227.0 637.8 15.8

Fertilizer 105.8 44.2 835.5 364.4 130.1 46.6 184.4 626.9 858.0 10.3

Petroleum 15.1 0.3 1,391.2 940.9 363.2 657.2 1,148.1 932.7 1,883.0 779.0

Seed 10.5 14.1 440.3 191.4 76.6 7.6 50.6 87.5 367.0 5.3

Other supplies 20.1 5.7 157.9 279.9 210.4 115.7 196.3 294.1 432.9 64.8

Total, farm 

supplies 474.4 117.6 3,853.6 2,292.7 1,620.1 1,011.4 1,903.1 2,773.4 4,692.0 879.1

Total sales 2,713.8 216.7 8,792.0 2,506.8 6,420.7 1,324.7 2,548.2 7,488.5 13,798.8 952.9

Service receipts 

and other income 7.7 0.3 174.7 65.5 212.0 202.9 25.6 123.1 393.5 8.3

Gross business 

volume 2,721.5 217.0 8,966.7 2,572.4 6,632.7 1,527.5 2,573.7 7,611.7 14,192.3 961.2

Business between 

cooperatives 364.5 41.2 1,335.5 640.3 431.0 520.4 728.2 924.0 2,021.9 331.4

Net business 

volume 2,357.0 175.8 7,631.2 1,932.1 6,201.7 1,007.1 1,845.5 6,687.6 12,170.4 629.8

Number of. co-ops 

doing business 

in State 40 11 87 70 194 21 40 70 95 19

This table continues on next page.

COOPERATIVE STATISTICS 2014 31
TABLE 17 (continued)—Gross business volume, U.S. ag co-ops, by State, 2014 

Item Alaska, Hawaii Mid-Atlantic1 New England2 Foreign3 Total

Million $

Bean and pea 0.0 0.0 0.0 0.0 238.1

Cotton 0.0 0.0 0.0 0.0 2,253.7

Cotton ginning 0.0 0.0 0.0 6.3 475.7

Fish 12.1 11.8 99.6 0.0 215.0

Fruit and vegetable 7.7 174.5 220.8 332.1 8,361.5

Grain and oilseed 0.0 0.0 423.7 42.3 58,836.7

Livestock 0.3 8.9 1.8 0.0 4,948.3

Milk 0.0 584.9 864.9 0.0 52,394.4

Nut 0.0 0.0 0.0 0.0 1,568.8

Poultry 0.0 0.3 120.8 0.0 1,353.3

Rice 0.0 0.0 0.0 0.0 935.5

Sugar 0.0 0.0 0.1 4.2 7,758.3

Tobacco 0.0 0.0 0.0 0.0 338.7

Other, including wool 0.8 59.7 317.7 142.0 8,052.7

Total, products marketed 20.9 840.0 2,049.4 526.9 147,730.6

Crop protectants 0.4 59.4 8.3 0.0 11,530.4

Feed 163.2 478.6 314.0 187.4 13,673.8

Fertilizer 0.6 144.4 20.1 1.8 16,251.0

Petroleum 0.0 234.2 16.5 651.0 39,211.3

Seed 0.0 28.5 5.0 0.0 5,790.8

Other supplies 29.3 96.8 24.3 28.4 6,166.6

Total, farm supplies 193.6 1,041.9 388.2 868.5 92,623.9

Total sales 214.5 1,881.9 2,437.6 1,395.4 240,354.5

Service receipts and other income 4.3 3.6 1.3 0.0 6,315.3

Gross business volume 218.8 1,885.5 2,438.9 1,395.4 246,669.8

Business between cooperatives 66.1 439.1 289.4 734.7 36,377.0

Net business volume 152.7 1,446.4 2,149.6 660.6 210,292.8

Number of co-ops doing business

in State 22 36 49 11 2,106

1 MD, DC, DE, NJ, WV

2 CT, MA, ME, NH, RI, VT

3 Sourced from outside the 50 States.

NOTE: Some cooperatives do business in several States, 

so the sum of the State number of cooperatives will not sum 

to the total number of U.S. agricultural cooperatives.

32 COOPERATIVE STATISTICS 2014
TABLE 18—Net1 business volume, U.S. ag co-ops, 2014 and 2013

Item 2014 2013 Difference Change

Billion $ Billion $ Billion $ Percent

Products marketed (net)

Bean and pea (dry edible) 0.234 0.243 (0.009) (3.6)

Cotton 2.250 2.616 (0.366) (14.0)

Cottonseed 0.377 0.370 0.007 1.9 

Dairy 49.636 40.184 9.452 23.5 

Fish 0.215 0.185 0.030 16.5 

Fruit and vegetable 5.848 5.890 (0.043) (0.7)

Grain and oilseed 57.898 66.252 (8.354) (12.6)

Livestock 4.947 3.345 1.602 47.9 

Nut 1.566 1.334 0.232 17.4 

Poultry 1.353 0.727 0.626 86.2 

Rice 0.935 1.732 (0.797) (46.0)

Sugar 5.146 6.030 (0.884) (14.7)

Tobacco 0.339 0.137 0.202 147.3 

Wool 0.005 0.005 0.000 (4.1)

Other marketing 7.590 6.759 0.831 12.3 

Total marketing 138.340 135.810 2.529 1.9 

Supplies purchased

Crop protectants 7.504 7.332 0.172 2.3 

Feed 10.800 12.717 (1.918) (15.1)

Fertilizer 13.116 14.016 (0.900) (6.4)

Petroleum 25.558 24.397 1.161 4.8 

Seed 3.444 3.357 0.086 2.6 

Other supplies 5.217 5.356 (0.139) (2.6)

Total supplies 65.638 67.175 (1.538) (2.3)

Services and other income2 6.315 5.572 0.743 13.3 

Total net business volume 210.293 208.557 1.735 0.8 

1 Net of business between cooperatives.

2 Includes service receipts, patronage refunds received, and non-operating income.

COOPERATIVE STATISTICS 2014 33

2013:2014
TABLE 19—Condensed income statement for Top 100 ag co-ops, 2014 and 2013

Item 2014 2013 Difference Change

Billion $ Billion $ Billion $ Percent

Total revenue 173.558 171.910 1.648 1.0

Cost of goods sold 160.680 158.280 2.400 1.5

Gross margin 12.878 13.620 (0.742) (5.4) 

Service and other 

operating income 2.074 1.570 0.504 32.1

Gross revenue 14.953 15.190 (0.237) (1.6) 

Expenses

Wages 5.189 5.540 0.351 (6.3) 

Depreciation 1.479 1.390 0.089 6.4 

Interest expense 0.732 0.690 0.042 6.0 

Other expenses 3.984 4.550 (0.566) (12.4)

Total expenses 11.383 12.170 (0.787) (6.5) 

Net operating margin 3.569 3.020 0.549 18.2 

Other revenues

Patronage from other co-ops 0.372 0.410 (0.038) (9.4)

Non-operating income 0.598 0.450 0.148 32.8

Net income before taxes 4.539 3.880 0.659 17.0 

Taxes 0.271 0.360 (0.089) (24.8)

Net income 4.268 3.530 0.738 20.9

Total gross business volume1 176.602 174.340 2.262 1.3

1 Total gross business volume is the sum of total revenues, service and other 

operating income, patronage from other co-ops, and non-operating income (may 

include inter-cooperative business volume).

34 COOPERATIVE STATISTICS 2014
TABLE 20 – Abbreviated balance sheet for Top 100 ag co-ops, 2014 & 2013

Item 2014 2013 Difference Change

Billion $ Billion $ Number Percent

Current assets 34.583 33.050 1.533 4.64 

Investments in other co-ops 2.817 2.170 0.647 29.80 

Property, plant, and equipment 13.627 13.410 0.217 1.62 

Other assets 5.968 5.140 0.828 16.12

Total assets 56.994 53.760 3.234 6.02 

Current liabilities 23.689 22.650 1.039 4.59 

Long-term liabilities 10.488 10.220 0.268 2.62

Total liabilities 34.177 32.870 1.307 3.98 

Allocated equity 14.998 14.270 0.728 5.10 

Retained earnings 7.819 6.620 1.199 18.11

Total equity 22.817 20.890 1.927 9.22 

Total liabilities and equity 56.994 53.760 3.234 6.02

COOPERATIVE STATISTICS 2014 35
TABLE 21—Top 10 and 100 ag co-ops share compared to all U.S. ag co-ops, 2014 and 2013

Item Top 10 Top 100 Top 10 Top 100

Total sales 43.7 72.2 41.6 71.4 

Service receipts 10.6 49.6 11.1 43.8 

Patronage from other cooperatives 5.7 34.9 6.6 33.1 

Total gross business volume 43.0 71.6 41.0 70.7 

Net income 28.6 66.0 34.1 63.5 

Own assets 38.6 66.9 37.5 66.6 

Investments in other cooperatives 22.0 46.2 14.8 41.3 

Total assets 37.5 65.4 36.1 65.0 

Total liabilities 42.8 69.1 41.3 68.5

Allocated equity 36.7 66.7 33.9 66.1 

Total equity 30.5 60.7 28.8 60.3 

Memberships 4.4 30.0 13.6 29.2 

Employees 17.1 54.3 17.2 54.3 

Cooperatives 0.5 4.7 0.5 4.6 

36 COOPERATIVE STATISTICS 2014

Percent of all ag cooperatives Percent of all ag cooperatives

2014 2013
TABLE 22—Top 10 and 100 ag co-ops financial ratios, 2013 and 2014

Item Top 10 Top 100 All Top 10 Top 100 All

Current ratio 1.37 1.46 1.45 1.40 1.46 1.44 

Debt-to-assets 0.65 0.60 0.57 0.66 0.61 0.58 

Long-term-debt-to-equity 0.52 0.46 0.37 0.59 0.49 0.38 

Times interest earned 5.01 7.20 8.11 5.81 6.62 7.39 

Fixed asset turnover 14.65 12.74 11.20 16.39 12.84 11.91 

Gross profit margin 4.3 7.4 8.4 6.6 7.9 8.5 

Net operating margin 1.4 2.1 2.0 1.8 1.8 1.7 

Return on total assets 7.5 9.2 9.2 8.2 8.5 8.6 

Return on member equity 22.4 28.5 28.8 25.9 24.7 25.8 

COOPERATIVE STATISTICS 2014 37

2014 2013

Ratio Ratio

Percent Percent
TABLE 23—Losses, U.S. ag co-ops, 2013 and 2014

Share of

Item Co-ops1 Losses2 Co-ops1 Losses2 Total Losses

Number Million $ Number Million $ Percent 

Products marketed

Cotton 3 (69.7) 4 (126.4) 20.8 

Cotton ginning 14 (4.1) 22 (6.4) 1.2 

Dairy 26 (76.4) 17 (5.7) 22.8 

Fish 8 (0.5) 6 (0.4) 0.1 

Fruit and vegetable 13 (2.7) 15 (3.7) 0.8 

Grain and oilseed 40 (68.3) 35 (9.4) 20.4 

Livestock 9 (0.7) 7 (0.7) 0.2 

Poultry 0 0.0 3 (9.0) –

Rice 0 0.0 1 (0.4) –

Wool and mohair 8 (0.1) 7 (0.1) 0.0 

Other marketing3 13 (49.0) 12 (24.9) 14.6 

Total marketing 134 (271.4) 128 (186.6) 81.1 

Farm supplies 79 (62.6) 65 (24.9) 18.7 

Services 18 (0.8) 29 (1.3) 0.2

Total losses2 231 (334.8) 222 (212.8) 100.0 

1 Cooperatives with negative net income before taxes.

2 Negative net income before taxes.

3 Bean and pea, nut, rice, sugar, tobacco, and other marketing cooperatives.

38 COOPERATIVE STATISTICS 2014

2014 2013 2014
SECTION IV: Common-Size Analysis

This section (tables 24 through 28) presents common-size operating statements, balance sheets, and other

common-size data by operating type and primary product handled. These tables allow cooperatives to

compare their performance with similar cooperatives. 

Highlights

• Marketing co-ops have higher gross margins as a

percent of gross business volume than farm supply

or service co-ops (Table 24).

• As a percent of gross business volume, operating

expenses were highest among the cotton gin coops, fruit/vegetables, fish, and rice co-ops, but net

income was highest for other marketing, cotton

gins, and fruit/vegetables (Table 25).

• Allocated member equity as a proportion of assets

was highest in service co-ops (43 percent), while

supply and marketing co-ops were fairly even at

26 and 25 percent, respectively (Table 26). 

• Cotton gin co-ops had the highest proportion of

fixed assets to total assets (44.2 percent) (Table

27).

• Allocated member equity was highest among

cotton gin, fruit/vegetable, and sugar co-ops.

Cooperatives may compare their performance

with the set of cooperatives that most closely

matches their operating type and amount of sales.

The 18 common-size financial statements in tables

28.1 through 28.18 represent 34 different

combinations of total sales range and primary

source of business volume as follows:

• Artificial insemination (28.1)

• Cotton marketing (28.2)

• Cotton ginning (28.3)

• Dairy marketing (28.4)

• Fish and seafood marketing (28.5)

• Fresh fruit and vegetable (28.6)

• Both fresh fruit and vegetable (28.7)

• Processed fruit and vegetable (28.8)

• Grain marketing (28.9)

• Livestock marketing (28.10)

• Poultry marketing (28.11)

• Nut marketing (28.12)

• Rice marketing (28.13)

• Sugar marketing (28.14)

• Bioenergy marketing (28.15)

• Dry bean and pea marketing (28.15)

•Seed, flower, and fiber marketing (28.15)

• Tobacco marketing (28.15)

• Wool marketing (28.15)

• Other marketing—wood, alligator, coffee, etc.

(28.15)

• Farm supply (28.16)

• Mixed farm supply (28.17)

• Cotton service (28.18)

• Crop service (28.18)

• Co-op farmers markets (28.18)

• Co-op hulling associations (28.18)

• Dairy service (28.18)

• Fruit and vegetable service (28.18)

• Livestock service (28.18)

• Nut service (28.18)

• Rice drier (28.18)

• Storage (28.18)

• Transportation (28.18)

• Other service—including winery and grower

associations (28.18)

COOPERATIVE STATISTICS 2014 39
TABLE 24—Common-size income statement, U.S. ag co-ops, by operating type, 2014

Item Total Marketing Total Supply Total service Total

Percent of gross business volume

Products marketed 87.0 29.2 1.3 59.9 

Farm supplies 10.4 68.5 3.1 37.5 

Total sales 97.4 97.7 4.4 97.4 

Cost of goods sold 88.3 90.6 4.1 89.3 

Gross margin 9.1 7.1 0.3 8.2 

Service receipts 2.0 1.2 93.9 1.7 

Gross revenue 11.1 8.3 94.1 9.9 

Wages 3.7 3.3 29.6 3.5 

Depreciation 1.0 0.9 6.2 1.0 

interest expense 0.3 0.5 1.4 0.4 

Other expenses 4.0 1.7 37.0 3.0 

Total, operating expenses 9.1 6.4 74.2 7.9 

Local savings 2.0 1.9 20.0 2.0 

Patronage from other co-ops 0.3 0.6 0.4 0.4 

Non-operating income 0.3 0.6 1.3 0.4 

Net income before taxes 2.6 3.0 21.7 2.8 

Taxes 0.1 0.3 1.2 0.2 

Net income 2.5 2.7 20.5 2.6 

Total, gross business volume 100.0 100.0 100.0 100.0 

Export sales 3.1 1.2 6.3 2.2 

40 COOPERATIVE STATISTICS 2014
TABLE 25—Common-size income statement, U.S. ag co-ops, by specific marketing type, 2014

Cotton Fruit & Grains & Other

Item Cotton Gins Dairy Veg. Oilseeds Livestock Poultry Rice Sugar Fish Marketing

Percent of gross business volume

Products marketed 93.2 54.5 98.2 96.1 71.1 98.6 78.8 98.8 98.2 94.0 90.2 

Farm supplies 7.1 19.5 0.8 0.7 25.0 0.2 5.8 0.2 0.6 3.8 2.8

Total sales 100.3 74.0 99.0 96.8 96.1 98.8 84.6 99.0 98.8 97.7 93.0 

Cost of goods sold 93.4 55.6 93.8 73.1 89.9 97.9 75.1 76.1 79.6 76.9 44.6

Gross margin 6.9 18.4 5.2 23.7 6.2 0.9 9.5 22.9 19.2 20.8 48.5 

Service receipts 1.8 21.9 0.8 2.6 3.0 1.1 15.0 1.0 0. 2.1 0.8

Gross revenue 8.7 40.3 6.0 26.3 9.2 2.0 24.5 23.9 19.6 22.9 49.3 

Wages 3.4 10.7 2.6 10.0 3.3 0.8 4.8 9.2 6.0 9.6 2.3 

Depreciation 0.7 3.6 0.5 2.0 1.2 0.1 0.8 2.0 2.0 1.6 1.2 

Interest expense 0.5 0.6 0.2 0.7 0.4 0.1 0.2 0.5 0.4 0.5 0.2 

Other expenses 2.9 19.1 2.7 7.8 3.1 0.5 16.2 11.3 8.7 9.6 9.4

Total oper. expenses 7.5 34.0 6.0 20.4 7.9 1.5 22.0 22.9 17.2 21.3 13.1 

Local savings 1.2 6.3 (0.0) 5.9 1.3 0.5 2.5 1.0 2.4 1.7 36.1 

Patronage from 

other co-ops 0.0 3.6 0.0 0.1 0.7 0.0 0.0 0.1 0.1 0.0 0.0 

Non-operating income (2.2) 0.5 0.2 0.5 0.2 0.0 0.4 (0.0) 0.7 0.2 6.1

Net income 

before taxes (0.9) 10.4 0.2 6.5 2.2 0.5 3.0 1.0 3.2 1.8 42.3 

Taxes 0.1 0.1 (0.0) 0.2 0.2 0.0 0.1 0.1 0.2 (0.0) 1.2

Net income (1.0) 10.3 0.2 6.4 2.0 0.5 2.9 0.9 3.0 1.8 41.1 

Total, gross 

business volume 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 

Export sales 29.0 0.0 2.3 10.0 1.0 0.0 3.5 14.6 2.7 0.0 5.3 

COOPERATIVE STATISTICS 2014 41
TABLE 26—Common-size balance sheet, U.S. ag co-ops, by operating type, 2014

Item Marketing Supply Service Total

Percent of total assets

Current assets 56.8 61.6 38.1 59.1 

Property, plant, and equipment 25.8 23.4 33.6 24.6 

Other assets 12.4 6.2 12.6 9.3

Total, own assets 95.1 91.1 84.3 93.0 

Investments in other cooperatives 4.9 8.9 15.7 7.0

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 40.6 41.1 27.9 40.8 

Long-term liabilities 17.3 14.8 9.8 16.0

Total liabilities 57.9 55.9 37.7 56.8 

Allocated equity 25.0 26.4 43.3 25.8 

Retained equity 17.0 17.7 19.0 17.4

Total equity 42.1 44.1 62.3 43.2 

Total liabilities & equity 100.0 100.0 100.0 100.0 

42 COOPERATIVE STATISTICS 2014
TABLE 27—Common-size balance sheet, U.S. ag co-ops, by type of marketing cooperative, 2014

Cotton Fruits & Grains & Other 

Item Cotton Gins Dairy Vegs Oilseeds Livestock Poultry Rice Sugar Fish Marketing

Percent of total assets

Current assets 70.8 38.5 53.6 58.6 59.9 89.9 70.3 65.0 41.0 61.0 47.5 

Property, plant, and

equipment 20.5 44.2 26.4 19.4 27.1 5.2 25.9 28.8 29.5 31.2 24.4 

Other assets 7.6 4.0 18.2 20.4 4.0 3.2 2.9 0.4 28.6 7.7 27.7

Total, own assets 98.9 86.7 98.2 98.3 91.1 98.3 99.1 94.2 99.1 100.0 99.5 

Investments in other 

cooperatives 1.1 13.3 1.8 1.7 8.9 1.7 0.9 5.8 0.9 0.0 0.5

Total assets 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 

Current liabilities 54.8 28.5 46.6 29.7 43.5 77.5 28.4 28.7 29.4 48.8 20.9 

Long-term liabilities 5.9 13.6 23.6 21.7 13.4 5.1 11.4 28.1 15.6 12.9 20.3

Total liabilities 60.7 42.2 70.2 51.4 56.9 82.7 39.9 56.9 45.0 61.7 41.2 

Allocated equity 17.3 46.5 23.7 40.5 19.1 13.2 24.6 15.2 39.9 27.2 24.8 

Retained equity 22.0 11.3 6.1 8.2 23.9 4.1 35.5 27.9 15.1 11.1 34.0

Total equity 39.3 57.8 29.8 48.6 43.1 17.3 60.1 43.1 55.0 38.3 58.8 

Total liab & equity 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 

COOPERATIVE STATISTICS 2014 43
TABLE 28.1—Artificial insemination co-ops, common-size financial statements, by size, 2014 

ARTIFICIAL INSEMINATION CO-OPS TOTAL SALES GROUP

< $15 Million in Sales > $15 Million in Sales

Balance sheet Percent of total assets

Current assets 72.1 52.9 

Other assets 3.3 18.6 

Property, plant, and equipment 14.7 21.7 

Total, own assets 90.0 93.2 

Investments in other cooperatives 10.0 6.8 

Total assets 100.0 100.0 

Current liabilities 19.0 30.6 

Long-term liabilities 18.1 15.9 

Total liabilities 37.1 46.5 

Allocated equity 26.1 26.4 

Retained earnings 36.8 27.0 

Total equity 62.9 53.5 

Total equity and liabilities 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 

Cost of goods sold 28.3 35.9 

Gross margin 71.7 64.1 

Service and other income 3.2 8.7 

Gross revenue 74.9 72.8 

Wages 46.4 36.4 

Depreciation 2.0 3.4 

Interest 0.0 0.3 

Other expenses 22.6 27.4 

Total expenses 71.0 67.6 

Net operating margins 3.9 5.1 

Patronage income 0.1 0.1 

Non-operating income 0.6 0.6 

Net income before taxes 4.6 5.9 

Taxes 0.3 1.1 

Net income 4.2 4.8 

Million $

Total business volume 36.0 410.7

Ratios Ratio

Current 3.80 1.73 

Debt-to-equity 0.59 0.87 

Retained earnings-to-equity 0.59 0.51 

Percent

Return-on-assets 6.9 5.8 

Return-on-allocated member equity 0.3 0.2 

Number of cooperatives 4 8

44 COOPERATIVE STATISTICS 2014
TABLE 28.2—Cotton marketing co-ops, common-size financial statements, 2014 

COTTON MARKETING CO-OPS TOTAL SALES GROUP

< $100 Million in Sales > $100 Million in Sales

Balance sheet Percent of total assets

Current assets 64.5 71.5 

Other assets 1.1 8.4 

Property, plant, and equipment 33.5 19.0 

Total, own assets 99.1 98.9 

Investments in other cooperatives 0.9 1.1 

Total assets 100.0 100.0 

Current liabilities 73.5 52.6 

Long-term liabilities 0.6 6.5 

Total liabilities 74.1 59.1 

Allocated equity 6.2 18.7 

Retained earnings 19.7 22.2 

Total equity 25.9 40.9 

Total equity and liabilities 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 

Cost of goods sold 94.4 93.1 

Gross margin 5.6 6.9 

Service and other income 0.5 1.9 

Gross revenue 6.1 8.8 

Wages 3.8 3.3 

Depreciation 1.7 0.6 

Interest 1.3 0.4 

Other expenses 4.4 2.8 

Total expenses 11.2 7.2 

Net operating margins (5.1) 1.7 

Patronage income 0.0 0.0 

Non-operating income 0.5 (2.4)

Net income before taxes (4.5) (0.6)

Taxes 0.0 0.1 

Net income (4.5) (0.7)

Million $

Total business volume 198.1 2,539.4

Ratios Ratio

Current 0.88 1.36 

Debt-to-equity 2.86 1.44 

Retained earnings-to-equity 0.76 0.54 

Percent

Return-on-assets (9.3) (2.3)

Return-on-allocated member equity (1.5) (0.1)

Number of cooperatives 5 7

COOPERATIVE STATISTICS 2014 45
TABLE 28.3—Cotton ginning co-ops, common-size financial statements, by size, 2014 

COTTON GINNING CO-OPS TOTAL SALES GROUP

< $1 Million in Sales $1 – $5 Million in Sales $5 – $10 Million in Sales > $10 Million in Sales

Balance sheet Percent of total assets

Current assets 36.9 36.9 37.8 42.6 

Other assets 11.6 6.4 1.2 0.9 

Property, plant, and equipment 43.5 45.8 44.7 41.2 

Total, own assets 91.9 89.2 83.7 84.7 

Investments in other cooperatives 8.1 10.8 16.3 15.3 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 26.8 25.3 27.8 35.3 

Long-term liabilities 17.7 16.6 13.1 8.4 

Total liabilities 44.4 41.8 40.8 43.7 

Allocated equity 50.1 52.4 45.3 37.9 

Retained earnings 5.5 5.8 13.9 18.3 

Total equity 55.6 58.2 59.2 56.3 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 100.0 

Cost of goods sold 79.5 75.6 73.2 76.2 

Gross margin 20.5 24.4 26.8 23.8 

Service and other income 102.7 44.7 26.3 14.0 

Gross revenue 123.2 69.0 53.1 37.8 

Wages 40.9 20.2 13.6 8.4 

Depreciation 13.2 6.3 4.9 3.1 

Interest 3.3 1.3 0.7 0.5 

Other expenses 62.0 37.3 23.1 16.0 

Total expenses 119.4 65.0 42.2 28.0 

Net operating margins 3.8 4.0 10.9 9.8 

Patronage income 16.6 8.2 3.9 2.1 

Non-operating income 1.0 2.0 0.3 0.1 

Net income before taxes 21.5 14.2 15.0 12.0 

Taxes (0.2) 0.2 0.1 0.0 

Net income 21.8 14.1 14.9 12.0 

Million $

Total business volume 25.9 194.2 206.1 177.1

Ratios Ratio

Current 1.38 1.46 1.36 1.21 

Debt-to-equity 0.80 0.72 0.69 0.78 

Retained earnings-to-equity 0.10 0.10 0.24 0.33 

Percent

Return-on-assets 9.8 12.1 18.1 20.6 

Return-on-allocated member equity 0.2 0.2 0.4 0.5 

Number of cooperatives 28 56 22 10

46 COOPERATIVE STATISTICS 2014
TABLE 28.4—Dairy marketing co-ops, common-size financial statements, by size, 2014 

DAIRY MARKETING CO-OPS TOTAL SALES GROUP

Less than $1 Million $1 – $5 Million $5 – $10 Million $10 – $20 Million

Balance sheet Percent of total assets

Current assets 62.6 61.6 56.4 66.7 

Other assets 11.6 17.4 7.8 6.3 

Property, plant, and equipment 25.8 14.8 11.2 11.6 

Total, own assets 100.0 93.8 75.4 84.6 

Investments in other cooperatives – 6.2 24.6 15.4 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 50.7 56.8 34.8 53.3 

Long-term liabilities 14.1 10.5 3.0 5.2 

Total liabilities 64.8 67.3 37.7 58.5 

Allocated equity 44.1 25.7 52.6 32.1 

Retained earnings (8.9) 7.0 9.6 9.4 

Total equity 35.2 32.7 62.3 41.5 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 100.0 

Cost of goods sold 95.4 94.1 91.8 95.9 

Gross margin 4.6 5.9 8.2 4.1 

Service and other income 7.1 2.5 0.7 2.1 

Gross revenue 11.7 8.4 8.9 6.2 

Wages 4.0 3.9 1.5 2.4 

Depreciation 0.9 0.5 0.3 0.3 

Interest 0.5 0.3 0.1 0.1 

Other expenses 6.9 3.5 7.3 3.0 

Total expenses 12.3 8.3 9.2 5.8 

Net operating margins (0.6) 0.1 (0.3) 0.4 

Patronage income 0.0 0.3 0.9 0.3 

Non-operating income 0.4 0.1 0.7 0.2 

Net income before taxes (0.1) 0.5 1.2 0.9 

Taxes – 0.0 0.1 0.0 

Net income (0.1) 0.5 1.2 0.9 

Million $

Total business volume 4.8 55.4 94.1 199.8

Ratios Ratio

Current 1.24 1.09 1.62 1.25 

Debt-to-equity 1.84 2.06 0.61 1.41 

Retained earnings-to-equity (0.25) 0.21 0.15 0.23 

Percent

Return-on-assets (0.6) 1.9 6.5 7.2 

Return-on-allocated member equity (0.0) 0.1 0.1 0.2 

Number of cooperatives 11 20 13 13

This table continues on next page.

COOPERATIVE STATISTICS 2014 47
TABLE 28.4 (continued)—Dairy marketing co-ops, common-size financial statements, by size, 2014

DAIRY MARKETING CO-OPS TOTAL SALES GROUP

$20 – $50 Million $50 – $200 Million $200 – $1 Billion $1 Billion or More 

Balance sheet Percent of total assets

Current assets 67.4 60.2 60.1 51.7 

Other assets 3.0 1.2 3.3 22.4 

Property, plant, and equipment 15.8 27.5 35.3 24.6 

Total, own assets 86.2 89.0 98.6 98.6 

Investments in other cooperatives 13.8 11.0 1.4 1.4 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 54.8 49.7 38.8 48.2 

Long-term liabilities 9.9 11.2 23.3 24.4 

Total liabilities 64.7 60.9 62.1 72.5 

Allocated equity 28.8 25.7 28.4 22.4 

Retained earnings 6.4 13.4 9.5 5.0 

Total equity 35.3 39.1 37.9 27.5 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 100.0 

Cost of goods sold 97.9 95.8 85.7 96.3 

Gross margin 2.1 4.2 14.3 3.7 

Service and other income 1.4 0.6 2.9 0.4 

Gross revenue 3.5 4.8 17.2 4.1 

Wages 1.1 1.8 3.0 2.6 

Depreciation 0.2 0.4 0.8 0.5 

Interest 0.1 0.1 0.3 0.2 

Other expenses 1.8 2.1 12.5 1.0 

Total expenses 3.2 4.4 16.6 4.3 

Net operating margins 0.3 0.3 0.6 (0.2)

Patronage income 0.5 0.3 0.0 0.0 

Non-operating income 0.1 0.2 0.0 0.2 

Net income before taxes 0.9 0.8 0.7 0.0 

Taxes 0.0 0.0 (0.1) 0.0 

Net income 0.9 0.8 0.8 0.0 

Million $

Total business volume 517.6 2,085.2 7,297.9 38,711.2

Ratios Ratio

Current 1.23 1.21 1.55 1.07 

Debt-to-equity 1.83 1.56 1.64 2.64 

Retained earnings-to-equity 0.18 0.34 0.25 0.18 

Percent

Return-on-assets 7.8 5.1 3.2 0.2 

Return-on-allocated member equity 0.3 0.2 0.1 0.0 

Number of cooperatives 17 19 12 12

48 COOPERATIVE STATISTICS 2014
TABLE 28.5—Fish and seafood marketing co-ops, common-size financial statements, by size, 2014 

FISH AND SEAFOOD MARKETING CO-OPS TOTAL SALES GROUP

< $1 Million $1 – $10 Million $10 Million.or More 

Balance sheet Percent of total assets

Current assets 47.5 50.8 62.2

Other assets 0.5 10.2 7.8 

Property, plant, and equipment 51.9 38.9 30.0 

Total, own assets 99.9 100.0 100.0 

Investments in other cooperatives 0.1 – –

Total assets 100.0 100.0 100.0 

Current liabilities 36.2 42.1 49.7

Long-term liabilities 25.6 13.5 12.5 

Total liabilities 61.8 55.7 62.1 

Allocated equity 36.6 28.9 26.7 

Retained earnings 1.6 15.5 11.1 

Total equity 38.2 44.3 37.9 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 

Cost of goods sold 87.1 81.4 78.0 

Gross margin 12.9 18.6 22.0 

Service and other income 3.2 0.3 2.4 

Gross revenue 16.1 18.9 24.5 

Wages 6.9 6.1 10.6 

Depreciation 0.9 0.7 1.8 

Interest 0.5 0.3 0.5 

Other expenses 7.7 12.6 9.4 

Total expenses 16.0 19.6 22.3 

Net operating margins 0.1 (0.7) 2.2 

Patronage income 0.1 0.0 0.0 

Non-operating income – 0.2 0.2 

Net income before taxes 0.2 (0.5) 2.4 

Taxes 0.0 (0.0) (0.0)

Net income 0.1 (0.5) 2.4 

Million $

Total business volume 6.4 38.8 217.5

Ratios

Current 1.31 1.21 1.25 

Debt-to-equity 1.62 1.26 1.64 

Retained earnings-to-equity 0.04 0.35 0.29 

Percent

Return-on-assets 0.4 (3.1) 6.3

Return-on-allocated member equity 0.0 (0.1) 0.2 

Number of cooperatives 17 11 9

COOPERATIVE STATISTICS 2014 49
TABLE 28.6—Fresh fruit and vegetable co-ops, common-size financial statements, by size, 2014 

FRESH FRUIT AND VEGETABLE CO-OPS TOTAL SALES GROUP

Less than $1 Million $1 – $5 Million $5 – $10 Million

Balance sheet Percent of total assets

Current assets 61.9 72.2 53.8

Other assets 15.5 7.3 8.0

Property, plant, and equipment 22.5 20.6 32.2

Total, own assets 99.9 100.0 94.0

Investments in other cooperatives 0.1 0.0 6.0

Total assets 100.0 100.0 100.0

Current liabilities 45.8 34.2 40.4

Long-term liabilities 15.0 24.6 14.6

Total liabilities 60.8 58.7 55.0

Allocated equity 22.6 29.7 29.0

Retained earnings 16.6 11.6 16.0

Total equity 39.2 41.3 45.0

Total equity and liabilities 100.0 100.0 100.0

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0

Cost of goods sold 82.5 85.7 74.6

Gross margin 17.5 14.3 25.4

Service and other income 3.7 5.0 5.0

Gross revenue 21.2 19.4 30.3

Wages 12.8 7.7 10.5

Depreciation 1.4 2.0 2.0

Interest 0.6 0.8 0.6

Other expenses 6.7 7.3 15.2

Total expenses 21.4 17.9 28.3

Net operating margins (0.3) 1.5 2.0

Patronage income 2.3 0.0 1.3

Non-operating income 1.1 0.6 0.2

Net income before taxes 3.2 2.1 3.6

Taxes – 0.1 0.0

Net income 3.2 2.1 3.5

Million $

Total business volume 8.6 53.5 123.6

Ratios Ratio

Current 1.35 2.11 1.33 

Debt-to-equity 1.55 1.42 1.22 

Retained earnings-to-equity 0.42 0.28 0.35 

Percent

Return-on-assets 6.4 4.5 6.2

Return-on-allocated member equity 0.3 0.2 0.2

Number of cooperatives 26 17 16

This table continues on next page.

50 COOPERATIVE STATISTICS 2014
TABLE 28.6 (continued)—Fresh fruit and vegetable co-ops, common-size financial statements, by size, 2014 

FRESH FRUIT AND VEGETABLE CO-OPS TOTAL SALES GROUP

$10 – $20 Million $20 – $50 Million 50 Million or More

Balance sheet Percent of total assets

Current assets 43.3 52.1 53.7 

Other assets 4.4 10.1 7.3 

Property, plant, and equipment 49.9 35.3 35.7 

Total, own assets 97.6 97.6 96.8 

Investments in other cooperatives 2.4 2.4 3.2 

Total assets 100.0 100.0 100.0 

Current liabilities 28.8 38.9 41.9 

Long-term liabilities 19.6 14.5 19.0 

Total liabilities 48.4 53.4 60.8 

Allocated equity 34.7 22.1 21.2 

Retained earnings 16.9 24.5 18.0 

Total equity 51.6 46.6 39.2 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 

Cost of goods sold 74.0 75.3 72.4 

Gross margin 26.0 24.7 27.6 

Service and other income 6.7 5.0 2.1 

Gross revenue 32.7 29.7 29.7 

Wages 14.0 11.8 10.9 

Depreciation 2.2 1.5 1.8 

Interest 1.9 0.3 0.3 

Other expenses 12.6 14.6 14.6 

Total expenses 30.7 28.2 27.6 

Net operating margins 2.0 1.5 2.1 

Patronage income 0.0 0.1 0.1 

Non-operating income 0.3 0.4 0.3 

Net income before taxes 2.3 1.9 2.4 

Taxes 0.1 0.2 0.3 

Net income 2.2 1.8 2.2 

Million $

Total business volume 149.2 361.7 1,614.2

Ratios Ratio

Current 1.50 1.34 1.28 

Debt-to-equity 0.94 1.15 1.55 

Retained earnings-to-equity 0.33 0.53 0.46 

Percent

Return-on-assets 4.4 5.3 5.4 

Return-on-allocated member equity 0.1 0.2 0.3 

Number of cooperatives 11 10 15

COOPERATIVE STATISTICS 2014 51
TABLE 28.7—Both processed and fresh fruit and vegetable co-ops, by size, 2014 

BOTH PROCESSED AND FRESH FRUIT AND VEGETABLE CO-OPS TOTAL SALES GROUP

Less than $10 Million $10 – $100 Million 100 Million or More

Balance sheet Percent of total assets

Current assets 79.4 56.3 52.6 

Other assets 1.5 5.4 41.2 

Property, plant, and equipment 17.9 23.6 5.5 

Total, own assets 98.8 85.2 99.4 

Investments in other cooperatives 1.2 14.8 0.6 

Total assets 100.0 100.0 100.0 

Current liabilities 34.4 43.7 6.6 

Long-term liabilities 1.9 9.3 20.6 

Total liabilities 36.3 53.0 27.2 

Allocated equity 48.5 40.0 66.8 

Retained earnings 15.2 7.0 6.0 

Total equity 63.7 47.0 72.8 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 

Cost of goods sold 80.9 78.1 82.0 

Gross margin 19.1 21.9 18.0 

Service and other income 1.0 3.0 5.6 

Gross revenue 20.1 24.9 23.5 

Wages 4.4 12.4 8.4 

Depreciation 0.7 1.7 2.2 

Interest 0.6 0.6 0.8 

Other expenses 6.3 9.4 6.9 

Total expenses 12.0 24.1 18.3 

Net operating margins 8.1 0.8 5.3 

Patronage income – 0.1 0.1 

Non-operating income – 0.9 (0.5)

Net income before taxes 8.1 1.8 4.9 

Taxes 0.0 0.2 (0.3)

Net income 8.1 1.6 5.2 

Million $

Total business volume 14.0 281.1 3,058.4

Ratios Ratio

Current 2.31 1.29 8.00 

Debt-to-equity 0.57 1.13 0.37 

Retained earnings-to-equity 0.24 0.15 0.08 

Percent

Return-on-assets 21.6 2.8 7.6 

Return-on-allocated member equity 0.4 0.1 0.1 

Number of cooperatives 5 5 3

52 COOPERATIVE STATISTICS 2014
TABLE 28.8—Processed fruit and vegetable co-ops, common-size financial statements, by size, 2014 

PROCESSED FRUIT & VEGETABLE CO-OPS TOTAL SALES GROUP

Less than $10 Million $10 – $100 Million $100 Million or More

Balance sheet Percent of total assets

Current assets 80.0 89.0 64.7 

Other assets 1.1 0.0 9.0 

Property, plant, and equipment 12.3 9.9 25.2 

Total, own assets 93.4 98.9 98.9 

Investments in other cooperatives 6.6 1.1 1.1 

Total assets 100.0 100.0 100.0 

Current liabilities 36.5 80.8 42.6 

Long-term liabilities 2.9 3.0 26.1 

Total liabilities 39.4 83.8 68.7 

Allocated equity 57.0 14.4 25.1 

Retained earnings 3.7 1.8 6.2 

Total equity 60.6 16.2 31.3 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 

Cost of goods sold 96.3 80.6 71.0 

Gross margin 3.7 19.4 29.0 

Service and other income 0.2 2.0 0.1 

Gross revenue 3.8 21.4 29.1 

Wages 1.4 7.8 11.3 

Depreciation 0.4 0.8 2.3 

Interest 0.2 0.6 0.8 

Other expenses 3.1 10.4 4.8 

Total expenses 5.1 19.6 19.1 

Net operating margins (1.2) 1.9 10.0 

Patronage income 0.0 4.4 0.0 

Non-operating income – 0.3 1.4 

Net income before taxes (1.2) 6.6 11.4 

Taxes – 0.0 0.6 

Net income (1.2) 6.6 10.9 

Million $

Total business volume 6.1 143.6 3,583.6

Ratios Ratio

Current 2.19 1.10 1.52 

Debt-to-equity 0.65 5.17 2.19 

Retained earnings-to-equity 0.06 0.11 0.20 

Percent

Return-on-assets (5.0) 7.3 17.8 

Return-on-allocated member equity (0.1) 0.5 0.7 

Number of cooperatives 5 4 8

COOPERATIVE STATISTICS 2014 53
TABLE 28.9—Grain marketing co-ops, common-size financial statements, by size, 2014 

GRAIN MARKETING CO-OPS TOTAL SALES GROUP

Less than $5 Million $5 – $10 Million $10 – $15 Million $15 – $20 Million

Balance sheet Percent of total assets

Current assets 65.5 55.8 58.3 49.4 

Other assets 4.3 4.9 11.8 14.8 

Property, plant, and equipment 25.4 30.1 23.9 26.9 

Total, own assets 95.2 90.8 94.0 91.2 

Investments in other cooperatives 4.8 9.2 6.0 8.8 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 44.1 40.8 49.1 32.7 

Long-term liabilities 11.3 9.6 11.0 15.0 

Total liabilities 55.4 50.4 60.1 47.7 

Allocated equity 27.1 32.3 22.5 16.9 

Retained earnings 17.4 17.3 17.4 35.4 

Total equity 44.6 49.6 39.9 52.3 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 100.0 

Cost of goods sold 92.0 93.4 92.7 94.6 

Gross margin 8.0 6.6 7.3 5.4 

Service and other income 7.0 7.1 2.4 2.6 

Gross revenue 14.9 13.8 9.7 8.0 

Wages 5.6 5.1 2.9 2.4 

Depreciation 2.1 1.5 1.1 1.1 

Interest 0.7 0.3 0.4 0.4 

Other expenses 7.4 5.6 3.6 2.4 

Total expenses 15.8 12.5 8.0 6.4 

Net operating margins (0.9) 1.3 1.7 1.6 

Patronage income 0.3 0.5 0.4 0.8 

Non-operating income 0.7 0.2 0.3 0.1 

Net income before taxes 0.1 1.9 2.4 2.6 

Taxes (0.0) 0.1 0.1 0.2 

Net income 0.1 1.8 2.3 2.3 

Million $

Total business volume 60.9 116.2 194.8 283.7

Ratios Ratio

Current 1.48 1.37 1.19 1.51 

Debt-to-equity 1.24 1.02 1.51 0.91 

Retained earnings-to-equity 0.39 0.35 0.44 0.68 

Percent

Return-on-assets 0.2 3.9 6.1 5.1 

Return-on-allocated member equity 0.0 0.1 0.3 0.3 

Number of cooperatives 25 15 16 16

This table continues on next page.

54 COOPERATIVE STATISTICS 2014
TABLE 28.9 (continued)—Grain marketing co-ops, common-size financial statements, by size, 2014 

GRAIN MARKETING CO-OPS TOTAL SALES GROUP

$20 – $30 Million $30 – $50 Million $50 – $100 Million

Balance sheet Percent of total assets

Current assets 64.4 63.0 66.8 

Other assets 1.9 5.7 3.1 

Property, plant, and equipment 28.2 27.0 24.8 

Total, own assets 94.5 95.7 94.7 

Investments in other cooperatives 5.5 4.3 5.3 

Total assets 100.0 100.0 100.0 

Current liabilities 44.9 50.8 49.2 

Long-term liabilities 13.1 11.4 10.4 

Total liabilities 58.0 62.3 59.6 

Allocated equity 19.9 15.7 14.6 

Retained earnings 22.1 22.0 25.8 

Total equity 42.0 37.7 40.4 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 

Cost of goods sold 94.2 96.0 95.2 

Gross margin 5.8 4.0 4.8 

Service and other income 2.7 2.6 2.7 

Gross revenue 8.6 6.5 7.5 

Wages 2.7 2.1 2.1 

Depreciation 1.2 1.0 0.9 

Interest 0.5 0.3 0.3 

Other expenses 2.8 2.2 2.2 

Total expenses 7.1 5.6 5.6 

Net operating margins 1.4 1.0 1.9 

Patronage income 0.3 0.2 0.4 

Non-operating income 0.4 0.5 0.1 

Net income before taxes 2.2 1.7 2.4 

Taxes 0.1 0.2 0.2 

Net income 2.0 1.5 2.2 

Million $

Total business volume 696.6 1,450.7 3,515.7

Ratios Ratio

Current 1.43 1.24 1.36 

Debt-to-equity 1.38 1.65 1.47 

Retained earnings-to-equity 0.53 0.58 0.64 

Percent

Return-on-assets 4.5 4.3 6.1 

Return-on-allocated member equity 0.2 0.3 0.4 

Number of cooperatives 28 37 48 

This table continues on next page.

COOPERATIVE STATISTICS 2014 55
TABLE 28.9 (continued)—Grain marketing co-ops, common-size financial statements, by size, 2014 

GRAIN MARKETING CO-OPS TOTAL SALES GROUP

$100 – $200 Million $200 – $500 Million $500 Million or More 

Balance sheet Percent of total assets

Current assets 58.0 62.3 57.2 

Other assets 7.4 2.1 5.8 

Property, plant, and equipment 26.3 28.8 27.8 

Total, own assets 91.7 93.2 90.9 

Investments in other cooperatives 8.3 6.8 9.1 

Total assets 100.0 100.0 100.0 

Current liabilities 43.3 49.9 39.0 

Long-term liabilities 12.1 13.2 10.2 

Total liabilities 55.4 63.1 49.2 

Allocated equity 23.0 17.0 29.1 

Retained earnings 21.7 19.9 21.6 

Total equity 44.6 36.9 50.8 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 

Cost of goods sold 94.1 94.9 91.1 

Gross margin 5.9 5.1 8.9 

Service and other income 2.7 2.5 1.6 

Gross revenue 8.6 7.7 10.4 

Wages 2.7 2.2 3.9 

Depreciation 1.0 1.0 0.8 

Interest 0.3 0.3 0.3 

Other expenses 2.4 2.6 3.1 

Total expenses 6.5 6.1 8.0 

Net operating margins 2.1 1.6 2.5 

Patronage income 0.6 0.5 0.4 

Non-operating income 0.2 (0.1) 0.5 

Net income before taxes 2.8 2.0 3.4 

Taxes 0.2 0.1 0.2 

Net income 2.6 1.9 3.2 

Million $

Total business volume 3,566.6 6,399.2 4,479.0

Ratios Ratio

Current 1.34 1.25 1.47 

Debt-to-equity 1.24 1.71 0.97 

Retained earnings-to-equity 0.49 0.54 0.43 

Percent

Return-on-assets 6.4 5.3 11.1 

Return-on-allocated member equity 0.3 0.3 0.4 

Number of cooperatives 26 20 7

56 COOPERATIVE STATISTICS 2014
TABLE 28.10—Livestock marketing co-ops, common-size financial statements, by size, 2014 

LIVESTOCK CO-OPS TOTAL SALES GROUP

Less than $1 Million $1 – $10 Million $10 – $50 Million $50 – $300 Million $300 Million or More 

Balance sheet Percent of total assets

Current assets 64.6 49.1 59.7 90.7 93.2 

Other assets 11.1 27.0 15.6 5.2 0.6 

Property, plant, and equipment 24.3 22.3 24.7 3.1 3.9 

Total, own assets 100.0 98.5 100.0 98.9 97.7 

Investments in other cooperatives – 1.5 – 1.1 2.3 

Total assets 100.0 100.0 100.0 100.0 100.0 

Current liabilities 52.7 52.9 50.8 76.0 81.6 

Long-term liabilities 7.8 7.9 15.5 8.2 2.6 

Total liabilities 60.5 60.8 66.2 84.2 84.1 

Allocated equity 33.6 27.7 89.2 12.7 6.6 

Retained earnings 5.8 11.5 (55.4) 3.1 9.2 

Total equity 39.5 39.2 33.8 15.8 15.9 

Total equity and liabilities 100.0 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 100.0 100.0 

Cost of goods sold 86.5 95.0 94.7 97.1 99.5 

Gross margin 13.5 5.0 5.3 2.9 0.5 

Service and other income 8.8 2.8 7.6 2.0 0.9 

Gross revenue 22.3 7.7 12.9 4.9 1.4 

Wages 10.2 2.6 6.1 1.1 0.7 

Depreciation 1.5 0.7 1.2 0.1 0.0 

Interest 0.3 0.3 1.0 0.5 0.0 

Other expenses 10.6 3.3 4.2 1.0 0.3 

Total expenses 22.7 7.0 12.5 2.6 1.1 

Net operating margins (0.4) 0.8 0.4 2.3 0.3 

Patronage income – 0.0 – 0.0 0.0 

Non-operating income 0.8 0.0 – 0.7 (0.1)

Net income before taxes 0.3 0.8 0.4 3.1 0.2 

Taxes 0.0 0.0 0.0 0.1 0.0 

Net income 0.3 0.8 0.4 3.0 0.2 

Million $

Total business volume 10.8 39.7 86.4 465.4 3,994.9

Ratios Ratio

Current 1.23 0.93 1.18 1.19 1.14 

Debt-to-equity 1.53 1.55 1.96 5.33 5.30 

Retained earnings-to-equity 0.15 0.29 (1.64) 0.20 0.58 

Percent

Return-on-assets 0.3 4.9 1.1 6.5 2.3 

Return-on-allocated member equity 0.0 0.2 0.0 0.5 0.3 

Number of cooperatives 29 11 4 4 4

COOPERATIVE STATISTICS 2014 57
TABLE 28.11—Poultry marketing co-ops, common-size financial statements, by size, 2014 

POULTRY MARKETING CO-OPS TOTAL SALES GROUP

Less than $100 Million $100 Million or More

Balance sheet Percent of total assets

Current assets 62.7 71.3 

Other assets 13.4 1.5 

Property, plant, and equipment 23.5 26.3 

Total, own assets 99.6 99.1 

Investments in other cooperatives 0.4 0.9 

Total assets 100.0 100.0 

Current liabilities 38.1 27.2 

Long-term liabilities 7.9 11.9 

Total liabilities 46.0 39.1 

Allocated equity 25.5 24.5 

Retained earnings 28.4 36.4 

Total equity 54.0 60.9 

Total equity and liabilities 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 

Cost of goods sold 78.7 89.6 

Gross margin 21.3 10.4 

Service and other income 2.9 18.9 

Gross revenue 24.3 29.3 

Wages 8.3 5.4 

Depreciation 1.2 0.9 

Interest 0.2 0.2 

Other expenses 13.2 19.6 

Total expenses 22.9 26.2 

Net operating margins 1.3 3.1 

Patronage income 0.2 –

Non-operating income 0.2 0.5 

Net income before taxes 1.7 3.6 

Taxes 0.1 0.1 

Net income 1.6 3.5 

Million $

Total business volume 81.1 1,136.2

Ratios Ratio

Current 1.65 2.62 

Debt-to-equity 0.85 0.64 

Retained earnings-to-equity 0.53 0.60 

Percent

Return-on-assets 3.4 11.4 

Return-on-allocated member equity 0.1 0.5 

Number of cooperatives 7 5

58 COOPERATIVE STATISTICS 2014
TABLE 28.12—Nut marketing co-ops, common-size financial statements, by size, 2014 

NUT MARKETING CO-OPS TOTAL SALES GROUP

Less than $10 Million $10 Million or More 

Balance sheet Percent of total assets

Current assets 47.2 60.2 

Other assets 5.1 3.1 

Property, plant, and equipment 47.4 35.7 

Total, own assets 99.7 99.0 

Investments in other cooperatives 0.3 1.0 

Total assets 100.0 100.0 

Current liabilities 31.2 32.9 

Long-term liabilities 15.5 35.4 

Total liabilities 46.7 68.3 

Allocated equity 46.8 16.4 

Retained earnings 6.4 15.3 

Total equity 53.3 31.7 

Total equity and liabilities 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 

Cost of goods sold 82.9 24.3 

Gross margin 17.1 75.7 

Service and other income 15.1 0.1 

Gross revenue 32.2 75.7 

Wages 15.7 2.1 

Depreciation 8.5 0.7 

Interest 0.7 0.1 

Other expenses 5.7 6.7 

Total expenses 30.6 9.6 

Net operating margins 1.6 66.1 

Patronage income 0.0 0.0 

Non-operating income 0.1 0.2 

Net income before taxes 1.7 66.4 

Taxes 0.0 0.2 

Net income 1.7 66.2 

Million $

Total business volume 19.7 1,569.4

Ratios Ratio

Current 1.51 1.83 

Debt-to-equity 0.88 2.15 

Retained earnings-to-equity 0.12 0.48 

Percent

Return-on-assets 2.6 201.3 

Return-on-allocated member equity 0.1 12.2 

Number of cooperatives 8 5

COOPERATIVE STATISTICS 2014 59
TABLE 28.13—Rice marketing cooperatives, common-size financial statements, by size, 2014

RICE MARKETING CO-OPS TOTAL SALES GROUP

Less than $50 Million $50 Million or More

Balance sheet Percent of total assets

Current assets 62.5 65.1 

Other assets 17.5 0.3 

Property, plant, and equipment 19.9 28.8 

Total, own assets 100.0 94.2 

Investments in other cooperatives – 5.8 

Total assets 100.0 100.0 

Current liabilities 46.6 28.7 

Long-term liabilities 9.0 28.2 

Total liabilities 55.7 56.9 

Allocated equity 25.5 15.2 

Retained earnings 18.8 27.9 

Total equity 44.3 43.1 

Total equity and liabilities 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 

Cost of goods sold 96.6 76.4 

Gross margin 3.4 23.6 

Service and other income 2.1 1.0 

Gross revenue 5.5 24.7 

Wages 1.5 9.5 

Depreciation 0.1 2.0 

Interest 0.0 0.5 

Other expenses 3.0 11.6 

Total expenses 4.6 23.6 

Net operating margins 0.9 1.0 

Patronage income – 0.1 

Non-operating income 0.0 (0.0)

Net income before taxes 0.9 1.0 

Taxes 0.0 0.1 

Net income 0.8 0.9 

Million $

Total business volume 55.6 2,042.6

Ratios Ratio

Current 1.34 2.27 

Debt-to-equity 1.26 1.32 

Retained earnings-to-equity 0.42 0.65 

Percent

Return-on-assets 14.6 1.8 

Return-on-allocated member equity 0.6 0.1 

Number of cooperatives 6 4

60 COOPERATIVE STATISTICS 2014
TABLE 28.14—Sugar marketing co-ops, common-size financial statements, by size, 2014 

SUGAR MARKETING CO-OPS TOTAL SALES GROUP

Less than $20 Million $20 – $100 Million $100 – $300 Million $300 Million or More

Balance sheet Percent of total assets

Current assets 66.6 32.7 26.3 45.3 

Other assets 10.2 2.9 62.1 22.0 

Property, plant, and equipment 23.2 60.6 11.4 31.8 

Total, own assets 100.0 96.1 99.7 99.2 

Investments in other cooperatives – 3.9 0.3 0.8 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 33.2 25.4 25.1 30.7 

Long-term liabilities 38.0 17.0 8.5 17.3 

Total liabilities 71.1 42.5 33.7 48.1 

Allocated equity 19.1 49.7 4.0 48.3 

Retained earnings 9.7 7.9 62.3 3.6 

Total equity 28.9 57.5 66.3 51.9 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 100.0 

Cost of goods sold 90.3 72.0 69.6 82.3 

Gross margin 9.7 28.0 30.4 17.7 

Service and other income 5.8 0.5 0.0 0.5 

Gross revenue 15.5 28.4 30.4 18.2 

Wages 0.9 11.4 1.6 6.5 

Depreciation 0.1 3.4 1.3 2.1 

Interest 0.0 1.1 0.3 0.4 

Other expenses 13.1 16.1 7.0 8.8 

Total expenses 14.2 31.9 10.2 17.7 

Net operating margins 1.3 (3.4) 20.2 0.4 

Patronage income – 0.1 – 0.1 

Non-operating income – 0.8 5.7 0.0 

Net income before taxes 1.3 (2.5) 25.9 0.6 

Taxes – (0.1) 0.7 0.1 

Net income 1.3 (2.4) 25.2 0.5 

Million $

Total business volume 22.0 272.4 894.6 6,721.5

Ratios Ratio

Current 2.01 1.28 1.05 1.47 

Debt-to-equity 2.46 0.74 0.51 0.93 

Retained earnings-to-equity 0.34 0.14 0.94 0.07 

Percent

Return-on-assets 18.6 (3.0) 28.4 1.0 

Return-on-allocated member equity 1.0 (0.1) 7.1 0.0 

Number of cooperatives 11 5 4 8

COOPERATIVE STATISTICS 2014 61
TABLE 28.15—Miscellaneous marketing co-ops (bioenergy, dry bean, tobacco, wool, seed, and other) common-size financial statements, 2014

TYPE OF COOPERATIVE

Dry Bean & Seed, 

Bioenergy Pea Marketing Flower & Fiber Tobacco Wool Marketing Other Marketing1

Balance sheet Percent of total assets

Current assets 32.5 63.0 61.7 46.7 45.1 51.8 

Other assets 35.3 5.8 16.0 47.1 36.8 24.9 

Property, plant, and equipment 31.8 30.2 22.3 6.2 17.7 23.0 

Total, own assets 99.6 99.0 100.0 100.0 99.6 99.7 

Investments in other cooperatives 0.4 1.0 – – 0.4 0.3 

Total assets 100.0 100.0 100.0 100.0 100.0 100.0 

Current liabilities 16.3 39.1 47.2 11.8 21.2 13.8 

Long-term liabilities 10.3 10.3 8.8 14.9 18.9 9.7 

Total liabilities 26.6 49.4 56.0 26.7 40.1 23.5 

Allocated equity 48.3 26.8 31.8 11.1 41.6 74.9 

Retained earnings 25.1 23.8 12.2 62.2 18.3 1.6 

Total equity 73.4 50.6 44.0 73.3 59.9 76.5 

Total equity and liabilities 100.0 100.0 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales group 100.0 100.0 100.0 100.0 100.0 100.0 

Cost of goods sold 73.1 88.9 70.1 86.1 80.4 91.4 

Gross margin 26.9 11.1 29.9 13.9 19.6 8.6 

Service and other income 2.3 1.9 3.5 0.1 3.6 2.0 

Gross revenue 29.2 13.0 33.4 14.0 23.2 10.6 

Wages 2.0 3.2 23.3 3.9 7.8 9.2 

Depreciation 2.2 1.6 0.8 1.5 0.9 3.1 

Interest 0.2 0.3 0.4 0.6 0.0 0.2 

Other expenses 20.2 3.8 7.1 4.4 14.1 5.6 

Total expenses 24.5 8.9 31.5 10.3 22.8 18.0 

Net operating margins 4.7 4.1 1.9 3.7 0.4 (7.4)

Patronage income 0.0 0.1 – – – –

Non-operating income 22.3 – – 1.1 0.0 20.2 

Net income before taxes 27.0 4.2 1.9 4.7 0.4 12.8 

Taxes 3.9 0.2 – 0.8 – (1.6)

Net income 23.1 4.0 1.9 3.9 0.4 14.4 

Million $

Total business volume 980.5 70.9 5.2 342.7 5.1 12.3

Ratios Ratio

Current 1.99 1.61 1.31 3.96 2.13 3.76 

Debt-to-equity 0.36 0.98 1.27 0.36 0.67 0.31 

Retained earnings-to-equity 0.34 0.47 0.28 0.85 0.31 0.02 

Percent

Return-on-assets 41.5 9.9 5.7 2.5 0.3 9.4 

Return-on-allocated member equity 0.9 0.4 0.2 0.2 0.0 0.1 

Number of cooperatives 8 3 4 5 38 5

1 Wood, alligator, coffee, etc.

62 COOPERATIVE STATISTICS 2014
TABLE 28.16—Farm supply co-ops, common-size financial statements, by size, 2014 

FARM SUPPLY CO-OPS TOTAL SALES

Less than $1 Million $1 – $5 Million. $5 – $10 Million $10 – $15 Million

Balance sheet Percent of total assets

Current assets 60.1 58.6 55.4 55.1 

Other assets 8.8 6.0 3.8 2.6 

Property, plant, and equipment 18.3 20.3 23.1 22.3 

Total, own assets 87.1 84.9 82.3 80.1 

Investments in other cooperatives 12.9 15.1 17.7 19.9 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 27.9 28.9 28.9 30.1 

Long-term liabilities 9.2 8.0 7.2 5.9 

Total liabilities 37.1 37.0 36.1 36.0 

Allocated equity 54.6 37.5 39.3 37.2 

Retained earnings 8.3 25.6 24.6 26.8 

Total equity 62.9 63.0 63.9 64.0 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales 100.0 100.0 100.0 100.0 

Cost of goods sold 82.6 84.6 85.6 85.8 

Gross margin 17.4 15.4 14.4 14.2 

Service and other income 6.6 3.4 3.6 2.9 

Gross revenue 24.0 18.8 18.0 17.2 

Wages 14.3 10.0 9.0 8.0 

Depreciation 1.2 1.4 1.4 1.4 

Interest 0.9 0.5 0.5 0.3 

Other expenses 9.0 6.1 5.7 5.5 

Total expenses 25.4 18.1 16.6 15.2 

Net operating margins (1.4) 0.7 1.4 2.0 

Patronage income 0.6 1.4 1.7 2.3 

Non-operating income 1.3 0.6 0.4 0.4 

Net income before taxes 0.5 2.7 3.5 4.7 

Taxes 0.1 0.2 0.3 0.5 

Net income 0.3 2.5 3.3 4.2 

Million $

Total business volume 16.5 493.2 904.8 799.5

Ratios Ratio

Current 2.15 2.03 1.91 1.83 

Debt-to-equity 0.59 0.59 0.57 0.56 

Retained earnings-to-equity 0.13 0.41 0.38 0.42 

Percent

Return-on-assets 0.5 4.4 6.4 8.2 

Return-on-allocated member equity 0.0 0.1 0.2 0.2 

Number of cooperatives 31 158 117 62

This table continues on next page.

COOPERATIVE STATISTICS 2014 63
TABLE 28.16 (continued)—Farm supply co-ops, common-size financial statements, by size, 2014 

FARM SUPPLY CO-OPS TOTAL SALES

$15 – $20 Million $20 – $25 Million $25 – $30 Million $30 – $50 Million

Balance sheet Percent of total assets

Current assets 47.1 50.1 51.8 57.2 

Other assets 1.3 2.0 1.9 3.8 

Property, plant, and equipment 25.7 24.8 25.7 21.8 

Total, own assets 74.0 77.0 79.4 82.8 

Investments in other cooperatives 26.0 23.0 20.6 17.2 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 27.1 34.8 28.2 35.1 

Long-term liabilities 5.9 4.9 8.7 6.0 

Total liabilities 32.9 39.8 36.8 41.0 

Allocated equity 37.9 34.8 42.5 40.8 

Retained earnings 29.1 25.5 20.7 18.2 

Total equity 67.1 60.2 63.2 59.0 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales 100.0 100.0 100.0 100.0 

Cost of goods sold 85.4 86.7 85.8 85.2 

Gross margin 14.6 13.3 14.2 14.8 

Service and other income 2.4 3.6 1.7 3.2 

Gross revenue 16.9 16.9 16.0 18.0 

Wages 7.8 7.4 6.8 8.0 

Depreciation 1.7 1.7 1.6 1.6 

Interest 0.2 0.4 0.4 0.4 

Other expenses 5.9 5.0 4.9 6.0 

Total expenses 15.6 14.5 13.8 16.0 

Net operating margins 1.3 2.3 2.2 2.0 

Patronage income 2.8 2.6 2.6 2.2 

Non-operating income 0.6 0.7 0.6 0.7 

Net income before taxes 4.7 5.6 5.3 5.0 

Taxes 0.6 0.6 0.6 0.5 

Net income 4.1 5.0 4.7 4.5 

Million $

Total business volume 511.5 811.3 550.6 2,208.1

Ratios Ratio

Current 1.74 1.44 1.84 1.63 

Debt-to-equity 0.49 0.66 0.58 0.70 

Retained earnings-to-equity 0.43 0.42 0.33 0.31 

Percent

Return-on-assets 8.5 9.0 8.9 8.2 

Return-on-allocated member equity 0.2 0.3 0.2 0.2 

Number of cooperatives 28 35 19 55

This table continues on next page.

64 COOPERATIVE STATISTICS 2014
TABLE 28.16 (continued)—Farm supply co-ops, common-size financial statements, by size, 2014 

FARM SUPPLY CO-OPS TOTAL SALES

$50 – $100 Million $100 – $500 Million Greater than $500 Million

Balance sheet Percent of total assets

Current assets 51.1 48.6 62.6 

Other assets 3.6 5.3 5.6 

Property, plant, and equipment 25.0 29.9 19.8 

Total, own assets 79.6 83.8 87.9 

Investments in other cooperatives 20.4 16.2 12.1 

Total assets 100.0 100.0 100.0 

Current liabilities 31.3 26.4 36.6 

Long-term liabilities 6.2 17.5 14.3 

Total liabilities 37.5 43.9 50.9 

Allocated equity 30.6 27.8 20.2 

Retained earnings 31.9 28.3 29.0 

Total equity 62.5 56.1 49.1 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales 100.0 100.0 100.0 

Cost of goods sold 85.5 85.5 92.8 

Gross margin 14.5 14.5 7.2 

Service and other income 2.0 1.4 0.2 

Gross revenue 16.5 15.9 7.3 

Wages 7.0 6.6 2.1 

Depreciation 1.4 1.4 0.7 

Interest 0.2 0.3 1.4 

Other expenses 5.3 4.2 1.2 

Total expenses 13.9 12.6 5.4 

Net operating margins 2.6 3.3 2.0 

Patronage income 2.2 1.8 0.5 

Non-operating income 0.7 0.4 0.3 

Net income before taxes 5.5 5.4 2.8 

Taxes 0.9 1.2 0.6 

Net income 4.7 4.3 2.2 

Million $

Total business volume 3,288.0 4,413.2 17,114.5

Ratios Ratio

Current 1.63 1.84 1.71 

Debt-to-equity 0.60 0.78 1.04 

Retained earnings-to-equity 0.51 0.50 0.59 

Percent

Return-on-assets 10.1 10.1 8.2 

Return-on-allocated member equity 0.3 0.4 0.4 

Number of cooperatives 45 24 6

COOPERATIVE STATISTICS 2014 65
TABLE 28.17—Mixed farm supply co-ops, common-size financial statements, by size, 2014

MIXED FARM SUPPLY CO-OPS TOTAL SALES

Less than $5 Million $5 – $10 Million $10 – $20 Million 

Balance sheet Percent of total assets

Current assets 56.7 51.8 52.6 

Other assets 3.5 2.3 4.2 

Property, plant, and equipment 23.9 30.3 30.1 

Total, own assets 84.1 84.4 86.8 

Investments in other cooperatives 15.9 15.6 13.2 

Total assets 100.0 100.0 100.0 

Current liabilities 34.0 28.6 33.4 

Long-term liabilities 9.1 16.9 10.2 

Total liabilities 43.1 45.6 43.7 

Allocated equity 37.0 29.2 30.5 

Retained earnings 19.9 25.2 25.9 

Total equity 56.9 54.4 56.3 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales 100.0 100.0 100.0 

Cost of goods sold 87.0 85.0 88.1 

Gross margin 13.0 15.0 11.9 

Service and other income 8.2 5.1 5.4 

Gross revenue 21.2 20.0 17.3 

Wages 10.3 7.9 7.6 

Depreciation 2.3 2.2 1.7 

Interest 0.7 0.7 0.4 

Other expenses 8.8 7.2 6.6 

Total expenses 22.1 18.1 16.4 

Net operating margins (0.9) 2.0 0.9 

Patronage income 2.0 2.1 1.4 

Non-operating income 1.0 0.4 1.0 

Net income before taxes 2.1 4.5 3.3 

Taxes 0.3 0.5 0.5 

Net income 1.7 4.0 2.9 

Million $

Total business volume 110.4 190.4 701.6

Ratios Ratio

Current 1.67 1.81 1.57 

Debt-to-equity 0.76 0.84 0.78 

Retained earnings-to-equity 0.35 0.46 0.46 

Percent

Return-on-assets 2.5 8.1 5.1 

Return-on-allocated member equity 0.1 0.3 0.2 

Number of cooperatives 40 25 44

This table continues on next page.

66 COOPERATIVE STATISTICS 2014
TABLE 28.17 (continued)—Mixed farm supply co-ops, common-size financial statements, by size, 2014 

MIXED FARM SUPPLY CO-OPS TOTAL SALES

$20 – $30 Million $30 – $50 Million $50 – $100 Million 

Balance sheet Percent of total assets

Current assets 50.0 56.6 54.6 

Other assets 2.5 4.8 2.5 

Property, plant, and equipment 24.8 24.5 27.2 

Total, own assets 77.3 85.9 84.3 

Investments in other cooperatives 22.7 14.1 15.7 

Total assets 100.0 100.0 100.0 

Current liabilities 30.5 36.3 37.0 

Long-term liabilities 6.1 10.6 7.6 

Total liabilities 36.6 46.9 44.6 

Allocated equity 33.2 27.8 30.7 

Retained earnings 30.2 25.3 24.8 

Total equity 63.4 53.1 55.4 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales 100.0 100.0 100.0 

Cost of goods sold 88.9 89.9 89.6 

Gross margin 11.1 10.1 10.4 

Service and other income 6.9 4.0 3.8 

Gross revenue 18.0 14.1 14.2 

Wages 8.4 6.2 6.2 

Depreciation 1.8 1.5 1.5 

Interest 0.4 0.4 0.3 

Other expenses 5.7 4.9 4.5 

Total expenses 16.3 13.1 12.5 

Net operating margins 1.7 1.0 1.8 

Patronage income 2.0 1.4 1.4 

Non-operating income 0.6 0.2 0.4 

Net income before taxes 4.3 2.7 3.5 

Taxes 0.4 0.2 0.3 

Net income 3.9 2.4 3.2 

Million $

Total business volume 542.0 714.3 1,863.4

Ratio Ratio

Current 1.64 1.56 1.48 

Debt-to-equity 0.58 0.88 0.80 

Retained earnings-to-equity 0.48 0.48 0.45 

Percent

Return-on-assets 6.7 5.3 7.9 

Return-on-allocated member equity 0.2 0.2 0.3 

Number of cooperatives 21 17 25

This table continues on next page.

COOPERATIVE STATISTICS 2014 67
TABLE 28.17 (continued)—Mixed farm supply co-ops, common-size financial statements, by size, 2014 

MIXED FARM SUPPLY CO-OPS TOTAL SALES

$100 – $300 Million $300 – $1 Billion $1 Billion or More

Balance sheet Percent of total assets

Current assets 51.5 60.8 65.7 

Other assets 3.0 2.8 7.6 

Property, plant, and equipment 29.0 23.7 22.6 

Total, own assets 83.5 87.4 95.9 

Investments in other cooperatives 16.5 12.6 4.1 

Total assets 100.0 100.0 100.0 

Current liabilities 35.4 39.6 46.2 

Long-term liabilities 10.9 11.9 17.4 

Total liabilities 46.3 51.5 63.6 

Allocated equity 24.5 22.2 25.9 

Retained earnings 29.3 26.3 10.5 

Total equity 53.7 48.5 36.4 

Total equity and liabilities 100.0 100.0 100.0 

Income statement Percent of total sales

Total sales 100.0 100.0 100.0 

Cost of goods sold 89.4 89.9 95.2 

Gross margin 10.6 10.1 4.8 

Service and other income 3.1 2.8 0.7 

Gross revenue 13.7 12.9 5.5 

Wages 5.8 5.5 2.1 

Depreciation 1.5 1.3 0.7 

Interest 0.4 0.5 0.3 

Other expenses 4.4 4.8 0.4 

Total expenses 12.1 12.0 3.5 

Net operating margins 1.5 0.9 2.0 

Patronage income 1.8 1.1 0.1 

Non-operating income 0.6 1.6 0.6 

Net income before taxes 3.9 3.6 2.6 

Taxes 0.5 0.6 0.1 

Net income 3.4 3.0 2.5 

Million $

Total business volume 6,467.4 5,348.5 67,524.7

Ratios Ratio

Current 1.45 1.54 1.42 

Debt-to-equity 0.86 1.06 1.75 

Retained earnings-to-equity 0.54 0.54 0.29 

Percent

Return-on-assets 7.3 6.4 6.6 

Return-on-allocated member equity 0.3 0.3 0.3 

Number of cooperatives 33 10 5

68 COOPERATIVE STATISTICS 2014
TABLE 28.18—Miscellaneous service co-ops, common-size financial statements, by type, 2014 

TYPE OF SERVICE COOPERATIVE

Cooperative Cooperative 

Cotton Service Crop Service Farmer Markets Hulling Associations 

Balance sheet Percent of total assets

Current assets 53.9 33.5 22.7 33.7 

Other assets 7.9 1.5 6.7 1.5 

Property, plant, and equipment 27.1 62.6 70.6 64.8 

Total, own assets 88.9 97.6 100.0 100.0 

Investments in other cooperatives 11.1 2.4 0.0 0.0 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 45.2 23.5 10.8 19.4 

Long-term liabilities 4.9 9.3 15.3 20.6 

Total liabilities 50.1 32.9 26.1 40.0 

Allocated equity 47.1 43.4 9.5 52.9 

Retained earnings 2.8 23.8 64.4 7.1 

Total equity 49.9 67.1 73.9 60.0 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales & service receipts

Total sales group – – 4.2 –

Cost of goods sold – – 4.7 –

Gross margin – – (0.4) –

Service and other income 100.0 100.0 95.8 100.0 

Gross revenue 100.0 100.0 95.3 100.0 

Wages 41.9 54.1 33.9 14.3 

Depreciation 6.7 6.4 6.3 6.2 

Interest 5.9 0.2 2.4 1.2 

Other expenses 24.7 32.9 54.0 25.6 

Total expenses 79.2 93.6 96.7 47.4 

Net operating margins 20.8 6.4 (1.3) 52.6 

Patronage income 0.9 0.1 0.5 –

Non-operating income 2.7 0.8 9.8 1.2 

Net income before taxes 24.4 7.2 9.0 53.8 

Taxes 0.0 1.1 0.3 0.1 

Net income 24.4 6.2 8.7 53.6 

Million $ 

Total business volume 34.8 31.1 3.7 24.2

Ratios Ratio

Current 1.19 1.42 2.11 1.73 

Debt-to-equity 1.00 0.49 0.35 0.67 

Retained earnings-to-equity 0.06 0.35 0.87 0.12 

Percent

Return-on-assets 5.8 8.0 5.2 35.1 

Return-on-allocated member equity 0.1 0.2 0.6 0.7 

Number of cooperatives 4 7 13 6

This table continues on next page.

COOPERATIVE STATISTICS 2014 69
TABLE 28.18 (continued)—Miscellaneous service co-ops, common-size financial statements, by type, 2014 

TYPE OF SERVICE COOPERATIVE

Dairy Fruit and Vegetable Livestock Nut

Balance sheet Percent of total assets

Current assets 92.6 49.7 56.0 48.3 

Other assets 3.6 12.2 10.6 2.0 

Property, plant, and equipment 3.8 29.5 33.3 48.9 

Total, own assets 100.0 91.5 100.0 99.2 

Investments in other cooperatives – 8.5 0.0 0.8 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 22.6 33.9 21.2 21.9 

Long-term liabilities 3.2 20.4 10.5 27.8 

Total liabilities 25.8 54.3 31.7 49.7 

Allocated equity 70.0 32.7 40.5 46.2 

Retained earnings 4.2 13.0 27.8 4.1 

Total equity 74.2 45.7 68.3 50.3 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales & service receipts

Total sales group – – 2.6 42.7 

Cost of goods sold – – 2.3 41.9 

Gross margin – – 0.3 0.8 

Service and other income 100.0 100.0 97.4 57.3 

Gross revenue 100.0 100.0 97.7 58.1 

Wages 27.5 35.1 9.4 16.0 

Depreciation 1.6 3.4 1.3 4.1 

Interest 4.4 0.6 0.5 0.5 

Other expenses 63.8 52.3 77.3 13.9 

Total expenses 97.3 91.4 88.5 34.4 

Net operating margins 2.7 8.6 9.2 23.7 

Patronage income 0.6 0.1 – –

Non-operating income 3.4 1.9 0.7 –

Net income before taxes 6.8 10.5 9.9 23.7 

Taxes 1.2 0.1 (0.1) 1.3 

Net income 5.6 10.4 10.0 22.4 

Million $

Total business volume 1.5 35.0 12.6 12.2

Ratios Ratio

Current 4.10 1.47 2.65 2.21 

Debt-to-equity 0.35 1.19 0.46 0.99 

Retained earnings-to-equity 0.06 0.28 0.41 0.08 

Percent

Return-on-assets 2.9 9.6 17.4 22.2 

Return-on-allocated member equity 0.0 0.3 0.4 0.5 

Number of cooperatives 14 21 10 4

This table continues on next page.

70 COOPERATIVE STATISTICS 2014
TABLE 28.18 (continued)—Miscellaneous service co-ops, common-size financial statements, by type, 2014 

TYPE OF SERVICE COOPERATIVE

Rice Drier Storage Transportation Other Service1

Balance sheet Percent of total assets

Current assets 46.8 24.7 42.3 17.6 

Other assets 7.4 0.0 0.5 26.9 

Property, plant, and equipment 45.6 75.3 54.8 19.3 

Total, own assets 99.8 100.0 97.7 63.8 

Investments in other cooperatives 0.2 – 2.3 36.2 

Total assets 100.0 100.0 100.0 100.0 

Current liabilities 33.8 15.4 24.5 13.7 

Long-term liabilities 9.2 5.3 9.3 7.9 

Total liabilities 43.0 20.6 33.9 21.6 

Allocated equity 51.9 53.9 54.4 37.5 

Retained earnings 5.1 25.5 11.8 40.9 

Total equity 57.0 79.4 66.1 78.4 

Total equity and liabilities 100.0 100.0 100.0 100.0 

Income statement Percent of total sales & service receipts

Total sales group – – – 15.2 

Cost of goods sold – – – 13.4 

Gross margin – – – 1.7 

Service and other income 100.0 100.0 100.0 84.8 

Gross revenue 100.0 100.0 100.0 86.6 

Wages 21.4 14.5 32.6 16.0 

Depreciation 6.7 9.3 8.3 8.8 

Interest 1.2 1.6 0.4 0.7 

Other expenses 35.8 29.8 56.6 20.7 

Total expenses 65.1 55.2 97.8 46.3 

Net operating margins 34.9 44.8 2.2 40.3 

Patronage income 0.3 – 0.4 1.4 

Non-operating income 0.1 0.2 0.9 0.7 

Net income before taxes 35.3 45.0 3.5 42.4 

Taxes 0.2 0.9 0.2 6.5 

Net income 35.1 44.1 3.3 35.8 

Million $

Total business volume 6.3 4.9 36.7 35.0

Ratios Ratio

Current 1.39 1.61 1.73 1.29 

Debt-to-equity 0.75 0.26 0.51 0.28 

Retained earnings-to-equity 0.09 0.32 0.18 0.52 

Percent

Return-on-assets 20.9 23.1 7.1 9.1 

Return-on-allocated member equity 0.4 0.4 0.1 0.2 

Number of cooperatives 3 6 10 22

1 Including winery and grower associations. 

COOPERATIVE STATISTICS 2014 71
72 COOPERATIVE STATISTICS 2014
SECTION V: Time-Series Tables and Charts

This section presents several tables and charts of U.S. agricultural cooperative time series data.

Highlights

• In 10 years, the number of ag co-ops has fallen 27

percent, from 2,895 in 2005 to 2,106 in 2014

(Table 29).

• Memberships have fallen 23 percent.

• The number of full-time employees in 2014 was

down from 2013, but still higher than the

numbers from 2008 to 2012 (Table 30).

• The number of agricultural co-ops continues to

decline, but gross business volume is increasing

(Figure 1).

• The number of full-time employees has increased

slightly over the years and is holding relatively

steady, despite the declining number of co-ops

(Figure 2).

• Gross business volume of marketing co-ops is at

an all-time high (Figure 3).

• Farm supply gross business volume declined

slightly in 2014.

• Service receipts are holding relatively steady.

• The number of co-op memberships had been on a

downward trend, but leveled off from 2013 to

2014 (Figure 4).

• Dairy sales increased significantly in 2014, while

grain and oilseed sales decreased (Figure 5).

• Petroleum and fertilizer sales increased in 2014,

while feed declined (Figure 6). 

• Total assets and liabilities have fluctuated during

the past 10 years, while equity has been on a

steady rise (Figure 7). 

COOPERATIVE STATISTICS 2014 73
Estimated memberships4 Cooperatives2

TABLE 29—Number, memberships, and business volume, of ag co-ops, by operating type, 2005-2014 

Marketing Farm Supply Related Service3 Total Marketing Farm Supply Related Service3 Total

Year1 Number 1,000 members

2005 1,553 1,161 181 2,895 1,005 1,561 39 2,605

2006 1,454 1,146 135 2,735 939 1,609 48 2,596

2007 1,385 1,094 116 2,595 814 1,605 40 2,459

2008 1,354 1,011 110 2,475 809 1,509 36 2,354

2009 1,277 992 121 2,390 809 1,393 37 2,239

2010 1,215 974 125 2,314 738 1,463 38 2,239

2011 1,222 935 128 2,285 835 1,407 39 2,280

2012 1,206 911 121 2,238 655 1,421 37 2,113

2013 1,195 871 120 2,186 655 1,284 37 1,977

2014 1,114 876 116 2,106 627 1,333 35 1,996

Year Gross5 Net6 Gross5 Net6 Receipts7 Gross5 Net6

Billion $ Billion $ Billion $ Billion $ Billion $ Billion $ Billion $

2005 76.902 71.189 37.246 26.376 4.328 118.475 101.893

2006 77.613 71.484 44.916 34.871 4.225 126.754 110.580

2007 94.103 86.129 49.784 38.569 4.132 148.019 128.830

2008 118.197 111.699 70.525 51.172 4.744 193.465 167.615

2009 101.386 94.558 62.999 47.362 4.940 169.325 146.860

2010 103.031 95.756 63.842 47.118 4.930 171.803 147.805

2011 128.041 121.784 80.898 57.322 4.453 213.391 183.559

2012 138.146 132.037 91.903 64.852 4.724 234.774 201.614

2013 144.604 135.810 95.933 67.175 5.572 246.109 208.557

2014 147.731 138.340 92.624 65.638 6,315 246.670 210.293

74 COOPERATIVE STATISTICS 2014

Marketing Volume Farm Supply Service

Total Marketing and Farm

Supply Volume and

Service Receipts

1 Reports of cooperatives are included for the calendar year. Data from 2004

through 2012 has been revised. 

2 Includes independent local cooperatives, centralized cooperatives, federations

of cooperatives, and cooperatives with mixed organizational structures. Cooperatives are classified according to their major activity. If, for example, more

than 50 percent of a cooperative's business is derived from marketing activities,

it is included as a marketing cooperative.

3 Includes cooperatives whose major activity is providing services related to

marketing and farm supply activities.

4 Includes members (those entitled to vote for directors) but does not include

nonvoting patrons. (Some duplication exists because some farmers belong to

more than one cooperative.)

5 Estimated gross business includes all business reported between cooperatives,

such as the wholesale business of farm supply cooperatives with other cooperatives or terminal market sales for local cooperatives. 

6 Estimated net business represents the value at the first level at which cooperatives transact business for farmers. Figures are adjusted for duplication resulting from inter-cooperative business.

7 Receipts for services related to marketing and purchasing activities but not included in the volumes reported for these activities and all other income.
COOPERATIVE STATISTICS 2014 75

TABLE 30—Number of full-time employees of U.S. ag co-ops, by type, 2008-2014

FULL-TIME EMPLOYEES

2014 2013 2012 2011 2010 2009 2008

Thousands

Products marketed

Bean and pea (dry edible) 0.0 0.2 0.2 0.2 0.2 0.2 0.2

Cotton 3.3 4.4 2.3 2.2 1.8 1.4 1.7

Cotton ginning 0.8 1.1 1.1 1.1 1.1 1.1 1.1

Dairy 20.3 21.0 21.0 20.7 18.9 24.9 23.8

Fish 0.7 0.7 0.7 0.7 0.7 0.7 0.7

Fruit and vegetable 13.6 14.2 13.2 13.5 13.3 13.6 16.1

Grain and oilseed 23.6 23.5 21.6 24.9 22.4 20.4 21.0

Livestock 0.5 0.5 0.6 0.6 0.6 0.7 0.7

Nut 1.4 1.3 1.1 1.1 0.3 0.3 0.3

Poultry 1.8 1.7 1.7 2.0 2.0 1.7 1.7

Rice 2.2 2.5 2.3 2.5 2.4 2.5 2.6

Sugar 6.9 6.9 5.9 5.7 5.5 5.7 5.9

Other marketing 0.5 0.5 0.6 0.7 0.7 1.9 1.9

Total marketing 75.9 78.4 72.3 75.7 70.1 75.2 77.8

Total supplies 58.5 56.6 56.0 53.8 57.6 46.1 46.4

Total services 1.2 1.2 1.2 1.3 1.3 1.3 1.3

Total ag co-op full-time employees 135.6 136.2 129.4 130.8 129.0 122.5 125.5
76 COOPERATIVE STATISTICS 2014

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

3,500

3,000

2,500

2,000

1,500

1,000

500

0

■ Marketing

■ Farm Supply

■ Service

■ Total

FIGURE 1—Number of ag co-ops, by overall type, 2005–2014

FIGURE 2—Full-time employees of ag co-ops, 2008–2014

2008 2009 2010 2011 2012 2013 2014

140

120

100

80

60

40

20

0

■ Marketing

■ Supply

■ Service

■ Total

Thousands

✦ ✦

✦ ✦ ✦

✦ ✦

✦ ✦ ✦

✦ ✦ ✦ ✦

✦ ✦

✦ ✦ ✦ ✦ ✦

✦ ✦ ✦ ✦ ✦ ✦ ✦
COOPERATIVE STATISTICS 2014 77

FIGURE 3—Gross business volume of ag co-ops, 2005–2014

FIGURE 4—Memberships of ag co-ops, by type, 2005–2014

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

300.0

250.0

200.0

150.0

100.0

50.0

0.0

■ Marketing Volume

■ Farm Supply Volume

■ Service Receipts

■ Total Volume

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

3

2.5

2

1.5

1

0.5

0

■ Marketing

■ Farm Supply

■ Service

■ Total

Billion $ Million 
78 COOPERATIVE STATISTICS 2014

FIGURE 5—Net sales of select commodities, ag co-ops, 2005–2014

FIGURE 6—Net sales of select supplies, ag co-ops, 2005–2014

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

70

60

50

40

30

20

10

0

■ Dairy

■ Grains

■ Fruits & Vegetables

■ Sugar

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

30

25

20

15

10

5

0

■ Petroleum

■ Feed

■ Fertilizer

■ Crop Protectants

■ Seed

Billion $ Billion $
COOPERATIVE STATISTICS 2014 79

FIGURE 7—Assets, liabilities, equity, ag co-ops, 2005–2014

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

90

80

70

60

50

40

30

20

10

0

■ Assets

■ Liabilities

■ Equity

Billion $
NOTE 1: METHODOLOGY

USDA Cooperative Programs conducts an

annual census to gain accurate information on the

Nation’s agricultural cooperative sector.

Information obtained from individual cooperatives

is combined with data from other cooperatives to

maintain confidentiality. 

Statistics for all cooperatives were derived by

estimating data for non-respondents and combining

this information with respondent data. Data from

respondents accounted for 90 percent of the total

gross sales of farmer, rancher, and fishery

cooperatives in 2014.

USDA considers four major criteria in

identifying farmer, rancher, and fishery

cooperatives:

(1) Membership is limited to persons

producing agricultural and aquacultural products

and to associations of such producers; 

(2) Cooperative members are limited to one

vote regardless of the amount of stock or

membership capital owned, or the cooperative does

not pay dividends on stock or membership capital

in excess of 8 percent a year or the legal rate in the

State, whichever is higher;

(3) Business conducted with non-members

may not exceed the value of business conducted

with members; 

(4) The cooperative operates for the mutual

interest of members by providing member benefits

on the basis of patronage.

These criteria may result in larger or smaller

numbers of farmer, rancher, and fishery

cooperatives than found in lists or directories of

State agencies or cooperative councils.

NOTE 2: FINANCIAL GLOSSARY

These are the definitions and/or formulas used

to calculate the financial items in this report.

Income statement — the net results of a

cooperative’s operations. 

Total sales — all sales from marketing or

supplies, less discounts, returns, and allowances

from gross sales. (Service co-ops typically do not

have a total sales value: the first income statement

item for those co-ops is service receipts).

Cost of goods sold — beginning inventory plus

purchases and freight costs, minus purchase returns

and allowances, purchase discounts, and ending

inventory.

Gross margins — the excess of net sales over

the cost of goods sold.

Service and other operating income —derived

from any service the cooperatives provide. Some

co-ops only provide services. Service-only co-ops

include rice driers, storage, transportation, auctions,

hulling, seed development, locker plants, pest

management, scouting, farmer markets, and

miscellaneous services. Marketing and supply coops also provide hauling, storage, grading, delivery,

custom application, recordkeeping, and drying as

most common services. Other operating income

can also include income from providing financing

for sales.

Operating expenses — four categories of

expenses are used: wages, depreciation, interest, and

other.

• Wages include salaries and wages, payroll taxes,

employee insurance, unemployment

compensation, and pension expense. 

80 COOPERATIVE STATISTICS 2014

APPENDIX
• Other expenses include administrative expenses

and general expenses.

– Administrative expenses are overhead costs

such as professional services, office supplies,

telephone, meetings and travel, donations, dues

and subscriptions, directors’ fees and expense,

and annual meetings.

– General expenses include advertising and

promotion, auto and truck delivery, insurance,

property, business and other taxes and licenses,

rent and lease expenses, plant supplies and

repairs, repairs and maintenance, utilities, bad

debts, and miscellaneous.

Net operating margins — calculated by taking

gross margins minus total expenses before taxes;

does not count patronage refunds from other

cooperatives.

Patronage income — patronage refunds

received (usually income from other cooperatives)

that results from business activity with other

cooperatives, generally regionals, or CoBank (a

cooperative bank).

Non-operating income — income not

generated by sales. It can be interest from

investments. It also can come from the sales of

property, plant, and equipment, rentals, and

extraordinary items.

Net income before taxes — net operating

margins plus patronage refunds and non-operating

income, before taxes are subtracted. 

Income taxes — cooperatives pay income taxes

on earnings not allocated to members (retained

earnings) and on dividend payments.

Net income after taxes — net operating margins

plus patronage refunds and non-operating income,

minus taxes.

Gross business volume — total sales, other

operating income, patronage income, and nonoperating income

Net business volume — total sales, other

operating income, patronage income, and nonoperating income (but sales to other cooperatives

are not included).

Balance sheet — a co-op’s financial position at

the end of a 12-month fiscal year. It represents the

co-op’s assets, liabilities, member equity, and their

mutual relationships.

Current assets — generally comprised of cash

and cash equivalents, accounts and notes (with

short-term maturities) receivable, inventories, and

prepaid expenses.

Investments and other assets — investments

are most often in other cooperatives and CoBank.

Other assets is a catch-all category that contains a

wide variety of items.

Property, plant, and equipment (PP&E) —

net property, plant, and equipment are tangible

assets used by a cooperative’s operations. Net

PP&E is calculated by taking total PP&E and

subtracting accumulated depreciation.

Current liabilities — all obligations that are

paid with the use of current assets and usually paid

within one year. These include notes payable to

banks and/or other trade creditors, accounts

payable, current maturities of long-term debt,

income taxes, other accrued liabilities (i.e., payroll,

property taxes, interest), patronage dividends

payable, and miscellaneous current liabilities. 

Total liabilities — include current liabilities

plus long-term liabilities (primarily long-term

debt).

Allocated (or member) equities — represent

COOPERATIVE STATISTICS 2014 81
member ownership in the cooperative; those

equities allocated specifically to members.

Retained earnings — equity that is not assigned

to specific member accounts.

Total equity (net worth) — sum of allocated

equity, patron’s equity, and retained earnings. 

Financial ratios — ratios provide for

comparative analysis of items in balance sheets and

income statements.

Current ratio = current assets divided by

current liabilities.

Debt-to-assets = total debt (total liabilities)

divided by total assets.

Long-term-debt-to-equity = long-term

liabilities divided by total equity. 

Times interest earned = income before interest

and taxes divided by interest payables.

Fixed assets turnover = net sales divided by

fixed assets (net PP&E).

Equity-to-assets = total equity divided by total

assets.

Gross margin = total sales minus cost of goods

sold divided by total sales.

Net operating margin = total sales plus service

receipts less cost of goods sold and total expenses

divided by total sales. (For service co-ops, service

receipts are in the denominator.)

Return on assets = net income before taxes and

interest divided by total assets.

Return on member equity = net margin after

taxes divided by allocated equity.

82 COOPERATIVE STATISTICS 2014
In accordance with Federal civil rights law and U.S. Department

of Agriculture (USDA) civil rights regulations and policies, the

USDA, its Agencies, offices, and employees, and institutions

participating in or administering USDA programs are prohibited

from discriminating based on race, color, national origin, religion,

sex, gender identity (including gender expression), sexual

orientation, disability, age, marital status, family/parental status,

income derived from a public assistance program, political

beliefs, or reprisal or retaliation for prior civil rights activity, in any

program or activity conducted or funded by USDA (not all bases

apply to all programs). Remedies and complaint filing deadlines

vary by program or incident. 

Persons with disabilities who require alternative means of

communication for program information (e.g., Braille, large print,

audiotape, American Sign Language, etc.) should contact the

responsible Agency or USDA's TARGET Center at (202) 720-2600

(voice and TTY) or contact USDA through the Federal Relay

Service at (800) 877-8339. Additionally, program information may

be made available in languages other than English. 

To file a program discrimination complaint, complete the USDA

Program Discrimination Complaint Form, AD-3027, found online at

How to File a Program Discrimination Complaint and at any USDA

office or write a letter addressed to USDA and provide in the

letter all of the information requested in the form. To request a

copy of the complaint form, call (866) 632-9992.

Submit your completed form or letter to USDA by: 

(1) mail: U.S. Department of Agriculture, Office of the Assistant

Secretary for Civil Rights, 1400 Independence Avenue, SW,

Washington, D.C. 20250-9410; 

(2) fax: (202) 690-7442; or 

(3) email: program.intake@usda.gov. 

USDA is an equal opportunity provider, employer, and lender.

COOPERATIVE STATISTICS 2014 83
Grain

Supply

Dairy

All Other

2014

2013

2012

2010

2011