date:Feb 28, 2013
Land O'Lakes, a farmer-owned food and agricultural cooperative, has reported that its net earnings increased by 31% to $241m for the fiscal 2012, compared to $184m in 2011.
The company's net sales for the year increased by 10.2% to $14.1bn, compared to $12.8bn in the previous year.
Land O'Lakes president and chief executive officer Chris Policinski said this consistent, positive performance is a result of the continuing implementation of strategies designed to build the company's branded busin