A Midwest farm cooperative was more profitable in 2022, despite the uncertainties. MFA Incorporated has pre-tax profits of $27.2 million for Fiscal Year 2022, an increase from the previous year. The co-op will return $13 million in patronage dividends to its members. Ernie Verslues is the CEO.
“The agronomy area led the way. We had a good year in the grain business again and the livestock area. All in all, it was a really good year for the company.”
He tells Brownfield 2023 could be more volatile, considering higher input costs.