Land O'Lakes, faced with a money-losing egg operation and more regulation on the way, said it's looking to "divest" most of its eggs business.
The Arden Hills-based farmers' cooperative disclosed in its annual report that it has decided to sell off "substantially all of the assets of the West and Midwest regions of Moark," the Star Tribune reported.
Moark, which started in the 1950s, has 16.1 million hens, making it the third-largest egg producer. But it's a small part of Land O'Lakes business — in 2012, it generated $735 million of the company's total $14.1 billion in sales— and it's been unprofitable, losing $25 million in 2013 after a $34 million loss in 2012 and a $3 million loss in 2011.
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