Farmers Inc., Greenville, Miss., and Memphis-based GreenPoint AG on Aug. 5 announced an agronomy business consolidation that will combine Farmers Inc.’s Greenville, Miss., and Rolling Fork, Miss., agronomy locations with GreenPoint AG’s facilities in Rolling Fork and Leland, Miss. The consolidated agronomy business will operate under the GreenPoint AG name.
Under terms of the agreement, Farmers Inc. will receive a minority ownership interest in GreenPoint AG, and will continue to provide fuel along with products offered by the Farmers Inc. retail store on Raceway Road in Greenville. GreenPoint AG will provide seed, crop nutrients, crop protection products, and services at their Leland location and both Rolling Fork locations.
“This is a great opportunity for both of our organizations to combine our efforts to better serve our market,” said Tim Witcher, president and CEO of GreenPoint AG. “We are excited about the expertise that Farmers Inc. and GreenPoint AG bring together to provide more advantages and resources to area growers.”
GreenPoint AG was formed in 2012 (GM Aug. 13, 2012) as an agronomy joint venture between Tennessee Farmers Cooperative, La Vergne, Tenn., and Winfield Solutions LLC, a leading provider of agricultural inputs and a wholly-owned subsidiary of Land O’ Lakes Inc. GreenPoint currently operates approximately 50 agronomy locations in Arkansas, Louisiana, Mississippi, Missouri, and Kentucky.
Farmers Inc. is a stockholder corporation that was started in 1956 by growers in Mississippi’s Washington, Sharkey, Issaquena, and Bolivar counties. The business currently has more than 350 stockholders and services many farms in those same counties. Farmers Inc. and GreenPoint AG noted that they each serve similar customer bases, and principally provide seed, crop nutrients, crop protection products, and related services for area growers who produce corn, cotton, and soybeans.
“In today’s highly competitive agronomy market, this consolidation will give our farmers more services and opportunities than ever before,” said Floyd Trammell, executive vice president and general manager of Farmers Inc. “Farmers Inc. is proud of its 58-year history of providing goods and services throughout the Delta, and looks forward to providing fuel and products through ‘The Co-Op’ in the future. Our fuel and oil business is growing, and we intend to be the fuel supplier of choice to all our farmers.”