Minnesota again leads the nation in cooperatives – businesses where the members are also the owners.
A national survey Tuesday said Minnesota is home to four of the Top 10 cooperatives in the nation. Three others also made the Top 100 list released by NCB, a bank for cooperatives.
— Farm and energy cooperative CHS Inc., based in Inver Grove Heights, ranked as the nation’s largest cooperative with annual revenue of $25 billion.
— Dairy and farmer cooperative Land O’Lakes, based in Arden Hills, ranked as the nation’s second largest, with $11 billion in revenue.
— Agricultural lender Agri-Bank, based in St. Paul, ranked No. 8, with nearly $4 billion in revenue.
— And health insurer HealthPartners, based in Bloomington, ranked No. 10 with $3.5 billion in revenue.