Wednesday, November 4, 2020

Dorchester-Based Farmers Cooperative Now 73rd Largest Co-op In U.S.


My, how you've grown over the years, Dorchester Co-op.

Nebraska is home to six of our nation's largest cooperative businesses, according to the latest annual report from the National Cooperative Bank (NCB). 

Cooperatives are active in many segments of the economy -- energy, groceries, finance, health care. But throughout the Midwest, we tend to associate them with agribusiness. 

For the past 30 years, the NCB has released the annual NCB Co-op 100, highlighting America’s top 100 cooperatives. The NCB Co-op 100 ranks the top cooperatives in the country based on revenue. 

This year, Dorchester-based Farmers Cooperative, with numerous locations throughout southeast and central Nebraska and northern Kansas, is 73rd on the list. It's a slight drop from last year's No. 70 spot. 

Farmers Cooperative reported $783 million in revenues in 2019. 

Last year, Allan Zumpfe replaced longtime CEO Ron Velder as chief of the cooperative. Velder retired after 46 years at the "Dorchester elevator," as some local old-timers still call it.

Other Nebraska co-ops that made this year's NCB 100 list: Ag Processing Inc., Omaha, 11th largest; FCS America, Omaha, 24th; Central Valley Ag Cooperative of York, 25th; Aurora Cooperative Elevator Co., Aurora, 59th; and Cooperative Producers Inc., Hastings, 100th.

See the full listing here.

No comments:

Post a Comment

Village Dweller checks all reader comments to determine if they are appropriate for print.