A Record Year for Growmark in 2012
By CnAgri
Print
Higher commodity prices and solid volume growth in most GROWMARK business units produced record sales for the Illinois-based cooperative.
Marshall Bohbrink, vice president, finance, risk management, and chief financial officer, reported net sales of $10 billion for the 2011-2012 fiscal year, the highest in company history.
Net income attributable to GROWMARK was $243 million, the second highest level in history.
Total patronage in the amount of $158 million was returned to GROWMARK member-owners, also a company record.
GROWMARK is a regional cooperative providing agriculture-related products and services, as well as grain marketing in 31 states and Ontario, Canada.
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