Farm co-operatives generate £8.5bn in 2022

23rd October 2023 | Company News, Farm Business

Agricultural co-operatives are the second largest business category across the UK co-operative and mutual sector, second only to retail, according to the latest annual report from trade body Co-operatives UK.

The latest in the series of annual reports – Co-operative and Mutual Economy 2023 – estimates that UK co-operative businesses generated a collective £40.9 billion in revenues in 2022, up from the £39.4bn in 2021. Almost 70% of the total or £28.5bn comes from retail businesses such as the John Lewis and Co-op chains. Agriculture is the second biggest category at £8.4bn, generated by 483 co-operative businesses.

When building societies, financial mutuals and employee-owned companies are added, total turnover increases to £87.9bn. The NFU Mutual alone had revenues of £2.01bn.

“We’re predicting, not least based on 179 years of co-operation, that as we enter the fourth industrial revolution, we really are coming full circle, and that co-operation is going to be at the heart of economic growth,” comments Rose Marley, chief executive of Co-operatives UK.

“Everywhere in modern business, from AI to farming and culture to data, there are co-ops. “We’ll show the growth and the movers and shakers in terms of sectors. Will it be housing, tech, pubs, clubs… workers, communities, consumers? This report will evolve over coming years as we look to explore how co-operatives positively impact on the nation’s social fabric as well as economic benefits.”

Name2022 turnover (£m)Membership
1Arla Foods2,4942,127
2Openfield Group669.674,211
3Mole Valley Farmers615.46107,000
4Dale Farm Co-op591.641,468
5First Milk331.08693
6Berry Gardens324.6449
7Fane Valley301.35m1,045
8AF Group285.82m2,916
9Fram Farmers264.05m1,204
10LacPatrick Dairies248.39n/a
12United Oilseeds Producers175.893,580
14ANM Group142.954,982
16United Farmers119.5832
17Tarff Valley99.391,245
18Yorkshire Farmers Livestock Marketing89.63254
19Scottish Pig Producers79.2793
20Long Clawson Dairy66.13119
22Speciality Produce78.9716
24G’s Growers71.6116
25South Caernarvon Creameries71.53143
26Clynderwen and Cardiganshire Farmers67.037,257
27Scotlean Pigs66.9883
28South Armagh Farming Enterprises24.053,003

Source: Coops UK