Record year for farmers’ cooperative
Monday 28th November 2011 AtlasFram Group, one of the UK’s leading farmer-owned cooperatives, has announced record results for the financial year to 30thJune 2011. The Group, which purchases farm inputs and markets combinable crops on behalf of its 1060 Members who farm more than 275,000 hectares throughout the UK, achieved a 20.8% increase in turnover to £168 million, while financial reserves rose to a record £2.5 million. At 1.03%, the cost-to-turnover ratio of the business was significantly lower that for comparative cooperatives, highlighting the high level of operating efficiency