Dairy food sales tumble 4% at Land O'Lakes; total sales rise 10.2%
Total sales for the dairy co-op were a record $14.1 billion.
Land O'Lakes Inc., St. Paul, Minn., said today its 2012 sales were $14.1 billion (up 10.2% from 2011) and net earnings were $241 million (up 31%). Both are records. Additionally, three of the business segments achieved record sales, and the Crop Inputs segment had record earnings in addition to record sales.
"This consistent, positive performance is a direct result of the continuing implementation of strategies designed to build our value-added, branded businesses in Dairy Foods, Feed and Crop Inputs," said Chris Policinski, president and CEO of Land O'Lakes, Inc. "These are strong, growing segments of agribusiness."