In a February 24th release, Land O' Lakes reported on financial results for FY 2020 ending December 31st.  For the period, the co-operative reported net sales of $13.9 billion and earned $266 million.  Comparable figures for FY 2019 were net sales of $13.9 billion, with net earnings of $207 million.

As of December 31st, Land O' Lakes posted total assets of $9.2 billion with long-term debt of $947 million.  For FY 2020  $162.9 million of the $266 million in net earnings was allocated to members as patronage.

Beth Ford, President and CEO stated, "while I am proud of our performance, I am even more proud of the team that delivered it.  In an involved and difficult landscape, Land O' Lakes was able to perform, we focused on growth in a challenging environment by standing up E-commerce across all business units". Earnings strength was attributed to improved performance in the Dairy Foods and Animal Nutrition segments.

During the ongoing COVID crisis, Land O' Lakes assisted farmers with Wi-Fi locations in 49 states and has supported digital connectivity.  The co-operative has announced a multi-year alliance with Microsoft to introduce digital innovations.