AURORA, NE– The Aurora Cooperative, a leading grain marketer and agricultural supplier throughout Nebraska and the U.S., today announced the financial results of the company’s fiscal year that ended August 31, 2013.
The company reported sales and related income totaling $1.1 billion for fiscal year 2013. Total earnings reached $29 million and farmer-owner equity grew to $159 million. These measures represent record or near-record achievements for the company.
In addition, payments to farmer-owners will exceed $2.5 million in patronage and tax-free equity revolvement, based on the positive performance of the company.
“The Aurora Cooperative’s farmer-owners continue to support and build their company, as evidenced by these results,” said George Hohwieler, President and CEO of the Aurora Cooperative.
“Our company’s vision is to be financially strong, innovative, independent and locally-owned – now, and for the next generation. The American farmers and ranchers we serve have positively responded to Aurora’s market approach and we recognize and thank them for their commitment to our business,” Hohwieler said.
Farmer-owners will be updated on the company’s progress at its annual business meeting in January 2014.
Based in Aurora, Nebraska, since 1908, the Aurora Cooperative is a premiere, multi-purpose agricultural cooperative providing service and expertise in grain, agronomy, animal nutrition and energy. For more information, visit www.auroracoop.com.