The Co-operative Group is set to sell-off its farming assets as it braces for a £2 billion loss for 2013, according to reports.
The BBC's Robert Peston says the struggling group will announce the sale of its 15 farms this weekend and is actively considering the sale of its 750 pharmacies.
The sell-offs come as the Co-op prepares for its annual report next month, which is expected to reveal losses of over £2 billion last year, according to Peston.
Chief executive Euan Sutherland has already admitted that last year was the worst in the group's 150-year history. The firm's banking branch last year discovered a massive capital blackhole, which led to its near collapse, control being handed to hedge funds and the drug allegations against the bank’s former chairman Paul Flowers.
Earlier this month the Co-operative launched a massive online survey asking people how the business should be run in future, in a bid to regain consumer's trust and get its business back on track.
The survey included questions as to whether the Co-op should continue to make donations of up to £1 million a year to Labour and individual politicians.
