Arden Hills, Minn. — Land O’Lakes Inc. reported record sales of $12.8 billion for the year ending Dec. 31, 2011, compared to 2010’s $11.1 billion. LOL reported its second-highest net earnings at $182 million, up from 2010’s $178 million. Cash return to members of $108 million was the third largest annual cash return. LOL’s Crop Inputs business, Winfield Solutions LLC, reported a record $4 billion in 2011 sales, up 10 percent from the previous year. Pretax earnings in the segment were $140.4 million, down from 2010’s $144.8 million. 2011 results included a $600,000 unrealized hedging loss, versus a $1.9 unrealized hedging loss in 2010. Input volumes were strong in most segments, with alfalfa seed up 25 percent, corn 8 percent, and crop protection products 22 percent. LOL expanded its crop production insights and technologies business, launching its new R7® crop production tool, which brings together Answer Plot® data, weather information, and satellite imagery to help growers optimize productivity, profitability, and sustainability.
Transparency Across the Fertilizer Value-Chain