WA's CBH Group has received national recognition as the premier co-operative in Australia.
CBH's annual turnover of $2.8 billion last year placed the farmer owned co-operative at the top of a list of 100, revealed by the Business Council of Co-operatives and Mutuals last week.
The list, which named Victorian dairy co-operative Murray Goulburn as the second placed group with an annual turnover of $2.39b, was revealed at the Rising to the Challenge: Prosperous Business, Prosperous Nation summit on November 18.
CBH chairman Wally Newman said CBH's success illustrated the benefits of the structure.
"Co-operatives, such as CBH, are part of a strong and vibrant sector and this is a great opportunity to get together with other like-minded organisations to discuss the key challenges and opportunities we face," he said.
CBH Group chief executive officer and council chairman Andy Crane opened the summit and took the opportunity to expand on his role as a member of the Federal Government's B20 leadership group.
Dr Crane is the first representative for the co-operatives and mutual sector to be appointed to the forum that represents the private sector to the annual G20 leaders conferences.
The forum brings together business leaders from across G20 member countries to produce policy recommendations which aim to foster strong, sustainable and balanced growth.
Dr Crane said his selection was an "appropriate recognition of the often unseen contribution of the co-operative and mutual sector to a strong, diverse and resilient Australian economy".
"Co-operatives and member-owned businesses are an under-recognised sector of the nation's economy," Dr Crane said.
"Australia has 1700 member-owned businesses providing numerous benefits to their 13 million members.
"We are pleased to highlight the contributions of co-operatives and mutuals and the ways in which they excel in creating shared value by reinvesting all profits back into the economy through their members.
"Co-operatives and mutuals are big investors in Australian infrastructure from ports, rail and irrigation systems, to road, housing and manufacturing plants.''