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GROWMARK REPORTS RECORD YEAR
Source: GROWMARK news release sent via AgPR--the news distribution service for agriculture

Higher commodity prices and solid volume growth in most GROWMARK business units produced record sales for GROWMARK, as officials reported audited financial results for the fiscal year which ended August 31, 2012.

Marshall Bohbrink, vice president, finance, risk management, and chief financial officer, reported net sales of $10 billion for the 2011-2012 fiscal year, the highest in company history. Net income attributable to GROWMARK was $243 million, the second highest level in history.

Total patronage in the amount of $158 million was returned to GROWMARK member-owners, also a company record.

GROWMARK is a regional cooperative providing agriculture-related products and services, as well as grain marketing in 31 states and Ontario, Canada. GROWMARK owns the FS trademark, which is used by affiliated member cooperatives. More information is available at www.growmark.com


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