Organic Valley hits record $1.2 billion in sales
LA FARGE, Wis. (WKBT) — Organic Valley hit a record $1.2 billion in sales last year, despite the pandemic, it announced Thursday.
With industries in chaos and conventional dairy markets 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.
“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.”
As more people chose to cook healthy food from home in 2020, Organic Valley experienced consolidated sales growth of 4.5%. Compared to 2019, the nation’s largest organic farmer-owned cooperative improved consolidated net income by $48.4 million in 2020.
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