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LAC announces 2013 earnings, payouts

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Lakes Area Cooperative reported $74.3 million in sales and earnings of $4.15 million in 2013.

These figures were shared during the co-op’s 101st annual stockholder meeting.

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The cooperative announced that it will be paying out $1.3 million in cash and issuing $2.7 million in equity to its patrons this year, based on 2013 purchases.

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