On April 29th, Land O' Lakes Inc. a farmer-owned cooperative posted results for the first quarter of Fiscal 2021 ending March 31st.  Net sales increased by 4.4 percent from Q1 Fiscal 2020 to $3.927 billion.  Net earnings attributable to Land O' Lakes Inc. amounted to $135,3 million approximately three times the net earnings in Q1, 2020 amounting to $36.6 million.

Land O' Lakes posted total assets of $8.871 billion and carried long-term debt of $949.9 million.

In commenting on results, Beth Ford, President and CEO noted, "the operating environment and fundamentals were strong in each business segment".  She expanded, "the Ag Sector is bolstered with our agronomic leadership in Winfield United, rising grain prices and farmers' investing in their crops in preparation for spring planting".  Ford concluded, "as businesses continue to re-open in 2021, the marketplace for Dairy Foods and Food Service is rebounding rapidly.  Animal Nutrition has also seen continued growth in the lifestyle segmentas people to continue to invest in their animals".