Land O’Lakes Sees Record Year
Due to COVID baking, farmer-owned cooperative is on track to sell 300M pounds of butter this year
Because of pandemic-induced stay-at-home orders, baking essentials like flour and butter have become hot commodities, reports Yahoo Finance.
Companies like Land O’Lakes are scrambling to churn out their products fast enough to keep up with the demand.
The $14 billion farmer-owned cooperative is on track to sell a record 300 million pounds of butter this year, and CEO Beth Ford doesn’t see demand slowing down anytime soon.
Ford says one of the biggest challenges farmers have had to face during the pandemic has been the difficulty in shifting from food service, such as supplying restaurants and schools, to retail production.