La Farge, WI—Organic Valley announced that it experienced consolidated sales growth of 4.5% in 2020. The exact number? Recorded sales reached $1.2 billion. Compared to 2019, the nation’s largest organic farmer-owned cooperative improved consolidated net income by $48.4 million in 2020.
Attributing it partially to the chaos in conventional dairy markets as they were forced to dump milk amid the pandemic, Organic Valley held a stable pay price for its family farms, improved financials, and grew a steady demand for organic milk and dairy, the company said.“Our farmers produced exceptionally high-quality products and exemplified cooperation each step of the way,” said Arnie Trussoni, Organic Valley farmer-member and 2020 Board President. “Employees remained steadfast in their commitment to the co-op, overcoming the challenges of remote work, homeschooling, and childcare, and our essential on-site workers showed up every day to make sure we kept getting farmers’ products out the door."
Organic Valley is looking to support a long-term future for organic family farms by driving net income, reducing debt, and returning dollars to farmers.
“Farms continue to disappear at an alarming rate while the number of animals grows steadily, producing food in systems designed without regard for the long-term, holistic benefit of people, animals, and the environment,” said Bob Kirchoff, Organic Valley CEO. “We are here to offer an alternative: an opportunity for organic family farms to thrive. Family farms care for animals, steward natural resources, produce nourishing food, strengthen rural communities, and pass that care on from one generation to the next, giving all of us a better food system for tomorrow.”
Related: Organic Valley Farms Reports Lower-Than-Average Carbon Footprints Sprouts Releases 2020 Environmental, Social, and Governance Report PCC Gives More Than 60% of Profits Back To Community