Abstract
A survey of 2,238 U.S. farmer, rancher, and fishery cooperatives ending their business year during calendar year 2012 showed a record business volume, net income, and total assets. Gross business volume was $235 billion, while net business volume was $202 billion and net income totaled $6.1 billion. These cooperatives had more than $82 billion in assets, $52 billion of liabilities, and $30 billion in equity. Cooperatives were a major employer in rural areas, with 129,000 full-time workers and 56,000 part-time or seasonal employees. Business volume by commodity is reported for all cooperatives. Number of cooperatives, cooperative memberships, and number of employees are classified according to whether the business is a marketing, supply, or service cooperative. Trends in cooperative numbers, memberships, employees, business size, sales volume, net income, assets, liabilities, and net worth are reported.
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