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AgVantage FS and Nexus Cooperative Announce Plans to Trade Facilities

Sabrina Burkiewicz 0 3267 Article rating: 4.1

AgVantage FS (Waverly, IA) and Nexus Cooperative (Charles City, IA) have reached an agreement whereby Nexus will acquire the Aplington, Chapin, and Dewar, Iowa, grain assets from AgVantage FS, and AgVantage FS will acquire the Elgin, Lamont, and Randalia, Iowa, agronomy assets from Nexus. This asset exchange follows extensive discussion between the two cooperatives around how each could better utilize their facilities, staff, and other resources to improve operational efficiencies in service to their members.

GROWMARK Becomes New Owner of Grain Facility on Calumet River in Chicago

Sabrina Burkiewicz 0 1849 Article rating: 4.0

In a deal that closed Thursday, June 27, with COFCO International, GROWMARK became the sole owner of one of the most influential grain warehouses in the state of Illinois due to its connection with the Chicago Mercantile Exchange (CME). The purchase also marks the first time the facility will be owned by an American agricultural cooperative.

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