Income, revenue climb at Riceland Foods

January 2008
Rural Cooperatives;Jan/Feb2008, Vol. 75 Issue 1, p38
The article reports that Riceland Foods Inc. has recorded a $947 million in revenue for the fiscal year ended July 31, 2007 in Stuttgart, Arkansas. It notes that more than 98% of the earnings were returned to farmer-members as seasonal pool settlements or cash payments for grain. Riceland's President and Chief Executive Officer (CEO) Danny Kennedy said the farmer-owned cooperative had met its performance targets of providing competitive crop returns and protecting their investments in assets.


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