This report presents comparative financial information by size and type on local cooperative associations that are first-handlers of grain. These associations had annual sales in 1985 and 1983 of at least $5 million, with grain sales representing more than half of total value of sales. Many of the associations handled farm supplies and provided related services. Net savings averaged lower in 1985 than in 1983 for most type/size groups studied, most noticeably for cooperatives in the Corn Belt and Southern Plains. This resulted from sharply lower grain sales and higher operating expenses, particularly labor. Most type/size groups were impacted more by increased operating expenses than by factors affecting gross income. Considerable debt reduction occurred during this period, but many associations were still left financially troubled in 1985.