STUTTGART, Ark. – At the cooperative’s 105th annual membership meeting on Nov. 12, Riceland Foods disclosed a record $333 million in member equity and a reduction in its debt load. The farmer‑owned business, which serves roughly 5,500 farmer‑members, highlighted several investments aimed at strengthening the agricultural supply chain for Arkansas growers.
Financial Highlights
Chief Financial Officer Craig Parr reported $904 million in net revenue for fiscal 2026, noting that the cooperative improved its liquidity despite challenging market conditions. Seasonal payment rates fell to $4.41 per bushel for long‑grain rice, a $2.18 decline from the previous year, while soybean payments rose to $11.02 per bushel, up 68 cents.
Infrastructure Investments
President and CEO Kevin McGilton announced an expansion of grain storage at Riceland’s Waldenburg facility in Poinsett County and upgrades to the grain‑sampling center in Wheatley. He emphasized that the cooperative continues to invest in soybean crushing capacity to meet member demand.
“Our responsibility is to position the cooperative for the future based on what our members are producing and what the market demands,” McGilton said.
Advocacy and Policy Work
Board Chairman Rich Hillman described the economic pressures facing rice farmers and rural communities. He said Riceland is actively working with lawmakers, agricultural organizations and industry partners on trade and public‑policy issues.
“We’ll continue fighting for better trade policy, looking for new markets and creating value for our farmer‑owners,” Hillman added.
Recognition and Community Support
Riceland honored retiring director Roger Pohlner, who served on the board from 1987 through 2026, including 12 years as chairman, by adding his portrait to the collection of past chairmen.
The cooperative also presented its annual Grow Good Employee Recognition Awards, highlighting contributions from staff across its Stuttgart and New Madrid operations. Additionally, 12 Riceland Foods Foundation scholarships were awarded to support higher education for children and other family members of employees and farmer‑members.
Looking Ahead
With a strong equity base, reduced debt and ongoing capital projects, Riceland Foods aims to sustain its role as a vital agricultural hub for Arkansas growers, reinforcing the cooperative’s commitment to farmer‑owners and the broader rural economy.
Original reporting: NEA Report (Jonesboro) — read the source article.
