Net income for the nation's agricultural cooperatives soared by 14 percent last year, according to data released by the USDA. In its annual report on national cooperative business sales, USDA reported that the country's farmer, rancher and fishery cooperatives posted record net income of $7 billion in 2015.  "The cooperative business model continues to perform strongly," Agriculture Secretary Tom Vilsack said. "While the model has long been one of the hallmarks of rural economies, its reach has greatly expanded to include almost every aspect of U.S. commerce. [node:read-more:link]

Cargill Inc. reported a 66% jump in profits for its most recent quarter, driven by expanding beef supplies and consumers’ rising appetite for burgers and steaks.  A rebound in the Minnesota agricultural conglomerate’s U.S. meat business, also lifted by chicken and turkey sales, helped raise Cargill’s net earnings to $852 million for the fiscal first quarter, even as sales declined slightly. Cargill said the results illustrated how a wide-ranging revamp of its voluminous business portfolio is paying off. [node:read-more:link]

our industrialized food system nourishes more people, at lower cost, than any comparable system in history. It also exerts a terrifyingly massive influence on our health and our environment. Photographer George Steinmetz spent nearly a year traveling the country to capture that system, in all its scope, grandeur and dizzying scale. His photographs are all the more remarkable for the fact that so few large food producers are willing to open themselves to this sort of public view. [node:read-more:link]

The small town’s biggest success story and biggest employer, outdoor-gear retailer Cabela’s Inc., was being sold to rival Bass Pro Shops for $4.5 billion. The combination, which had been rumored for months, set off fresh fears about job losses at Cabela’s headquarters and what it could mean to the area’s future.  “When Cabela’s thrives, the town thrives,” said the 61-year-old. “It means there are more people who are going to buy more products here. We have car dealerships. [node:read-more:link]