Riceland Reports $1.1 Billion in Sales

Riceland Foods Inc. recorded total sales of $1.1 billion in the fiscal year that ended July 31, the Stuttgart rice cooperative announced during its annual meeting on Thursday.

The co-op distributed $692 million to its farmer members, according to a press release. Both revenue and distribution were roughly the same as in fiscal 2010.

Also during the meeting, Gov. Mike Beebe was honored as Riceland's 2011 Friend of the Farmer and Jonesboro attorney Barry Deacon was given an Exceptional Service Award for his defense of Riceland in litigation over contamination of the commercial rice supply with genetically engineered rice in 2006.