4 of Nation’s 10 Largest Co-ops Are in MN
Four of the nation's 10 largest revenue-producing co-ops call Minnesota home-and six of the 100 largest are based within the state.
A list released Tuesday by savings bank NCB ranked the 100 largest cooperative businesses based on 2010 revenue.
Topping the list is St. Paul-based CHS, Inc. The diversified energy, grains, and foods co-op reported $25.3 billion in 2010 revenue and $8.7 billion in assets.
St. Paul-based Land O'Lakes, Inc., took the second spot with $11.1 billion in revenue last year. It's best known for the dairy-based food products that it markets to consumers, foodservice professionals, and food manufacturers.
St. Paul-based Agribank, FCB-the largest of five banks in the national Farm Credit System-ranked eighth with $3.9 billion in 2010 revenue. Down a couple spots was Bloomington-based health maintenance organization HealthPartners, which ranked 10th with $3.6 billion in revenue.
All four Minnesota companies that made the top 10 on the list retained their same rankings as last year.
Meanwhile, New Ulm-based Associated Milk Producers, Inc., ranked 24th-moving up four spots from last year's list-with $1.7 billion in 2010 revenue. And Maple Grove-based Great River Energy moved up one ranking from last year to the 58th spot with $847 million in revenue.
According to Arlington, Virginia-based NCB, the 100 co-ops on the list together posted revenues of $193.8 billion last year.
Cooperatives in general-and those on the list-operate in a wide variety of sectors, including agriculture, grocery, hardware and lumber, finance, energy, communications, housing, and recreation.
Cooperative businesses around the United States collectively provide more than 850,000 jobs, create more than $74 billion in annual wages, and post $500 billion in annual revenue, according to NCB.
To see the full list of America's 100 largest co-ops, click here.