Tri-County Farmers Association (TCFA) and GreenPoint Ag Holdings LLC have completed a transaction to combine their operations, the companies announced on March 1. The combined business, which includes all operations of both companies, will operate as GreenPoint Ag, with 114 retail and wholesale agronomy locations in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, Tennessee, and Texas.
“I am absolutely thrilled for this combination,” said Jeff Blair, CEO of GreenPoint Ag. “Tri-County‘s farmer-focus and service-oriented business is a perfect fit with GreenPoint Ag. There is very little geographic overlap, and Tri-County’s locations will fit well within the existing GreenPoint Ag footprint. Thus, we believe the combination will allow us to provide better service to all growers in the region and be more efficient logistically.”
Headquartered in Brinkley, Ark., TCFA is a farmer-owned co-op with 150 employees and more than $100 million in annual sales. The company offers seed, seed treatments, crop protection, crop nutrition, custom application, crop consulting, and petroleum products and services from seven Arkansas retail locations at Stuttgart, Hunter, Des Arc, Brinkley, Holly Grove, Forest City, and Marianna.
“We think this is the right move at the right time for Tri-County’s farmers. We’ve done some great work over the last 65 years, always advancing and strengthening our co-op, but now recognize that for Tri-County to continue, in this era, and to provide best possible service to our growers, we need a large partner,” said Sam Medford, TCFA’s Board Chair. “GreenPoint Ag’s farmer-owned structure and geographic footprint allow us to remain part of the co-op system while benefiting from supply chain, economies of scale, agronomy, and technology that GreenPoint Ag brings with its system.”
GreenPoint Ag is jointly owned by Tennessee Farmers Cooperative (TFC), Alabama Farmers Cooperative (AFC), WinField United, Tipton Farmers Cooperative, and Farmers Inc. (GM Sept. 24, 2020). The company is based in Decatur, Ala., with regional offices in Memphis and LaVergne, Tenn., and is recognized as the largest farm retailer in the southern U.S. and a top seven wholesale and agronomy company in the U.S. GreenPoint Ag employs more than 1,000.
Blair said the addition of TCFA will boost GreenPoint’s annual sales by nearly 8 percent, to more than $1.4 billion, and will provide opportunities to improve service and grow in the region. “I would like to thank the TCFA farmers and members, who voted overwhelmingly to support the transaction,” he added. “TCFA has a long and proud history and has served its members well for several decades. I am honored and humbled by their faith in us and our new model.”