10 January 1997


MOLE Valley Farmers turnover rose by 7.7% to a record high of £85m in the year to Sept 30, 1996.

Operating profits of the Devon-based agricultural co-op were £1.3m, up 11%.

Over half of sales came from nine cash-and-carry branches. Direct farm deliveries accounted for the remainder, with feed taking the lions share at £19.4m. Performance was, however, limited by the BSE crisis and the effect of the bumper cereal harvest on farm incomes.

, says MVF in its annual report.

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