Bloomington, Ill. — Growmark Inc. said last week that higher commodity prices and volume growth in most business units produced record sales for the fiscal year that ended Aug. 31, 2012. Net sales were the highest in history at $10 billion, up from the prior year’s $8.6 billion. Net income attributable to Growmark was $243 million, the second highest level in history. Year-ago was $196 million. Total patronage in the amount of $158.1 million was returned to Growmark member-owners, also a company record. Year-ago was $84.5 million. Growmark is a regional cooperative providing agriculture-related products and services, as well as grain marketing in 31 states and Ontario, Canada. This year it was ranked fifth on the NCB Co-op 100 listing of the nation’s 100 highest revenue-earning cooperatives across all economic sectors, moving up from seventh place on the 2011 list. Growmark was also ranked fourth on the USDA list of the 100 largest agricultural cooperatives in the U.S., a ranking that was also achieved in 2011.
Transparency Across the Fertilizer Value-Chain