Riceland Foods reports $1.15 billion in revenue

Despite economic uncertainties in the agriculture sector, Riceland Foods reported over $1.15 billion revenues during its last fiscal year. The total was reported recently at the company’s annual membership meeting.

Riceland CEO Kevin McGilton welcomed and shared the current state of the cooperative and the business outlook with members who attended. He highlighted key moments of recognition including the 2025 Riceland In-Depth Leadership Class, the Riceland Foods Foundation’s 10 scholarship recipients, the cooperative’s retiring board of directors members, and several accomplishments of staff members throughout the program.

“When I look into the future and evaluate the current market dynamics that are playing out in agriculture, I am confident our cooperative is in the best position to help our farmer-members limit their risk,” McGilton said. “With many factors out of our members’ control, Riceland gives them the best opportunity to get their crops out of the field quickly, the marketing options they need to limit price risk, and additional opportunities for farm revenue and goods or services for free or at discounted rates.”

Riceland’s Chairman of the Board of Directors Rich Hillman’s message centered on how farmers are resilient during challenging times and their commitment to the cooperative continues to serve them.

“Being a member of this co-op has value,” Hillman said. “It was times like we are enduring right now that really were the catalyst to form Riceland many years ago. Our forefathers knew that collectively we were stronger than we were individually. I’m so proud to be a small part of a collective of other farmers, staff members, and hardworking employees who make up what we know as our co-op, Riceland Foods.”

Chief Financial Officer Craig Parr gave the financial results for the fiscal year 2025. He reported a total revenue of $1.15 billion, with a distribution to members of $709 million. Parr also shared specific figures for the long grain rice and soybean seasonal pools, which paid $6.59 and $10.34 per bushel, respectively.